Today, 12:33 AM
And when those slaves actually start making a half decent wage, they've got to up and move their factories again to the next poorest country. India, Thailand, China, Philippines, is Africa next?
Constantly moving factories is inefficient as fuck.
The net result is economic stagnation for countries that are already at the top of the economic ladder, and massive economic growth for countries at the bottom of the economic ladder.
Those charts you posted, assuming we stay on this course of free trade, won't start to look better until global labor prices have equalized. Basically once the world is equally poor across the globe, then and only then, can the United States start to actually move forward economically.
Or we could just stop subsidizing the economic development of the rest of the world, but we both know that's not gonna happen.
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