Re:The Fed plans to sharply boost unemployment
by koheripbal on Sunday September 25, 2022 @11:22AM
(#32972210)
Calling it a "race to the bottom" is a bit ironic, when these jobs have been going to the world's poorest people and those in most need of a job.
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Re:The Fed plans to sharply boost unemployment
by jmoak3 on Sunday September 25, 2022 @11:28AM
(#32972268)
Race to the bottom, as in the price of labor was racing to the minimum. Not really ironic, people with little other opportunity will be the happiest to work for the least.
I’m not prescribing right or wrong to the situation, just what is
Re:The Fed plans to sharply boost unemployment
by smoldesu on Sunday September 25, 2022 @11:31AM
(#32972292)
You pass off your dirty work to the most desperate players, and the frugal companies even resort to using political prisoners and children as laborers. These companies aren't saviors, they're accutely aware of the living conditions and actively exploit it.
Re:The Fed plans to sharply boost unemployment
by afpx on Sunday September 25, 2022 @11:40AM
(#32972396)
These jobs allow something like 60-100M households escape poverty every year. That's a good thing for everyone (except the Earth).
Re:The Fed plans to sharply boost unemployment
by starkd on Sunday September 25, 2022 @12:27PM
(#32972954)
Economic activity is not inimical to humanity. Not in and of itself. That's a terrible way to think of your fellow man and our relationship to nature.
Re:The Fed plans to sharply boost unemployment
by afpx on Sunday September 25, 2022 @01:46PM
(#32973881)
Believe me, I'd love it if people cared for nature. But, people tend to choose having kids and keeping those kids out of poverty before they choose nature. And, having kids requires economic activity, unfortunately.
I didn't create the system. Someone started this ball rolling 10k years ago.
Re:The Fed plans to sharply boost unemployment
by starkd on Sunday September 25, 2022 @01:56PM
(#32973996)
Well, having kids is kind of important. Essential even.
Re:The Fed plans to sharply boost unemployment
by salawat on Sunday September 25, 2022 @12:13PM
(#32972811)
At the price of perpetuating bottom dollar exploitive business models that could only exist in the abscensce of strong labor protections, qnd the export of negative externalities to the greater fool.
The wotld as a whole does not benefit from this arrangement.