Tag: labor laws
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True Progressivism: Inequality and the world economy
Economist: True Progressivism: Inequality and the world economy A new form of radical centrist politics is needed to tackle inequality without hurting economic growth … Does inequality really need to be tackled? The twin forces of globalisation and technical innovation have actually narrowed inequality globally, as poorer countries catch up with richer ones. But within…
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A Case Study in Opportunity Costs for Sweatshop Workers
The following is the conclusion from a forthcoming paper to be published in the Journal of Economics and Sociology titled, Sweatshops, Opportunity Costs, and Non-Monetary Compensation: Evidence from El Salvador (HT: Modled Behavior) Conclusion Few people in developed countries would enjoy working in a third-world “sweatshop” factory, as the pay and working conditions are generally…