Re:OpenAI Used Kenyan Workers on Less Than $2 per Hour to Ma...
by zajio1am on Wednesday January 18, 2023 @05:51PM
(#34434251)
> We need to get to a place where the labor of human beings has a globally defined fair minimum wage
That is just economic nonsense. Labor productivity of economy depends on utilization of capital and ideas in that economy and it is pretty hard to increase. Average wage per hour in that economy cannot be higher than average productivity per hour. If you set minimal wage higher than its productivity, then you just destroyed almost all legal employment and forced everyone to grey economy or subsistence agriculture.
That is just economic nonsense. Labor productivity of economy depends on utilization of capital and ideas in that economy and it is pretty hard to increase. Average wage per hour in that economy cannot be higher than average productivity per hour. If you set minimal wage higher than its productivity, then you just destroyed almost all legal employment and forced everyone to grey economy or subsistence agriculture.