Many politicians, union leaders and academics decry the use of workers in developing countries by American multinational companies, often accusing such companies of exploiting the poor. However, for many poor, factory jobs are a much better alternative than what they’re accustomed to.
For example, the poor in Phnom Phen, Cambodia, spend hours rummaging through trash dumps in order to find scrap metal, plastic bags or food they can sell:
Moreover, politicians in America and Europe who denounce “exploitation” of workers in developing countries are more likely concerned about the exodus of higher-paying union jobs than they are about the plight of the poor, according to Williams. Hence, some officials would like to see the World Trade Organisation establish an international minimum wage.
Source: Walter E. Williams, Exploitation of Opportunity? World’s Poor Need to Work, Investor’s Business Daily, January 29, 2004 and TOWNHALL.COM, January 28,. 2004.
For more on International (Economic Growth) http://www.ncpa.org/iss/int/
FMF Policy Bulletin\17 February 2004
