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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label low wages fallacy. Show all posts

Thursday, February 23, 2012

Has China’s Role as the ‘World’s Factory’ Coming to an End?

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Has Europe taken over China’s role as the “new sweat shop”? Writes Spiegel Online , (bold original) It used to be that European carma...

Friday, December 31, 2010

Despite High Education Levels, Filipinos Workers Among The Lowest Paid

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From the Yahoo news The ILO's "Global Wage Report 2010" also noted a paradox in Philippine wage trends: Higher education ...

Monday, July 12, 2010

Wage Convergence: Myths And Facts

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Dr. John Hussman, in this excellent weekly article , dispels the myth of cheap labor to argue for convergence of wages between the US and de...

Saturday, March 06, 2010

Competitive Global Tax Structures As Major Investment Determinant

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When you read economic articles from the mainstream media or from popular "experts", one would accrue two significant but misleadi...

Wednesday, March 03, 2010

Quality Of Corporate Management As Barrier To Low Wage Competition

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Another main reason why the meme of "low wages abroad steal local jobs" is rubbish- is because of the varying quality of managemen...

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