alt text: 18 of our 40 employees are located in the Philippines. Insanely competent, great judgement, and $5 per hour. If you run a small business and don't have overseas help you're at a disadvantage
this post was submitted on 21 Feb 2024
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Yes and that would be better not just for foreign countries but for the people of the US as well. However it would suck for business so it will never happen unless workers force it to happen
This situation would most definitely be worse for US citizens because more expensive labor means higher prices for consumers if margins stay the same.
But it would mean more employment and higher wages. How can you demand a significantly higher wage if your employer can pay some Latino kid $5/hr to do the same job? Sure, prices might go up but so would wages.
Regardless, this particular form of imperialism cannot be rolled back and I do not expect it to be. It's much to entangled with every other aspect of our economic system. I'm not seriously arguing for changing only this particular facet of capitalism, I'm only arguing that it's wrong and causes genuine harm.