Saturday, November 27, 2010

The Truth about "Sweat-Shops"

I have often suspected that there was something amiss about the argument in favor of imposing minimum wages and standards for working conditions on sweat-shops in poor countries. If people are willing to work in them, shouldn't they be allowed the opportunity? I'd love for everyone to make $100 an hour and work in comfort, but I suspect that the way to get there is through economic development and not through government regulation. Paul Krugman makes this argument more elaborately and intelligently than I can here and here. Let me know what you think.

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