Globalization Does Not Equal Exploitation:
Globalization Does Not Equal Exploitation: Thomas Sowell explains some things that the anti-globalism protestors out there need to understand…
“Whenever there is a World Trade Organization meeting, you can depend on affluent young people to engage in riots over such things as “sweatshop labor” in the Third World…The sad irony is that it is the self-righteous activists who are exploiting Third World people — politically — and the much demonized employers who hire them who are providing the poor with much-needed income.”
“According to The Economist magazine, multinational corporations typically pay about double the local wages in Third World countries. These wages are usually still well below what workers receive in wealthier countries. So is the productivity of Third World workers.
A study by an international consulting firm found that the average labor productivity in the modern sectors in India is 15 percent of that in the United States. In other words, if you hired an average Indian worker and paid him one-fifth of what you paid an average American worker, it would cost you more to get a given amount of work done in India than in the United States.”
Those WTO meeting protestors might as well be holding signs that say “Keep the poor in poverty” and “No jobs for Third Wrlders” because whether they know it or not, that’s actually what they’re demanding.