People have argued that they are for “free trade” but that environmental standards should be improved so as to ensure that workers in poor countries are not exploited and their environments pillaged. But this eliminates poor workers’ competitive advantage, reduces the possible gains from trade, and relegates them to an underground labor market of prostitution or picking through garbage dumps. FULL ARTICLE
Source link: http://archive.mises.org/9036/why-are-wages-low-in-developing-countries/
Why Are Wages Low in Developing Countries?
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