From: Mike Lorrey (mlorrey@datamann.com)
Date: Tue Jun 18 2002 - 12:35:18 MDT
"Dickey, Michael F" wrote:
>
> From: Randy [mailto:cryofan@mylinuxisp.com]
>
> "I disagree. Here are my reasons: globalization is an effect of
> intelligent, directed efforts. It is directed by those who buy and
> sell labor, the fruits of others' labor. Because, as the ancient laws
> of commerce dictate, they profit when they buy low and sell high,
> they therefore want lower prices for labor. So tell me, please, why
> "things have a stronger chance to level up than level-out or down."
>
> The same ancient laws of commerce dictate that when demand exceeds supply,
> prices increase. The more organizations that vie for low cost labor, the
> more that labor costs. Since labor is a finite resource, the theory goes,
> demand would outpace it and thus increase the cost of it (that is, the pay
> to the laborers)
Demand for labor only outpaces supply when all regions of an economy are
growing. When the majority are not, and transportation from poor areas
to growing areas exists, then labor supply will always outstrip demand.
This archive was generated by hypermail 2.1.5 : Sat Nov 02 2002 - 09:14:53 MST