“Hours are long. Wages are pitiful. But sweatshops are the symptom, not the cause, of shocking global poverty. Workers go there voluntarily, which means—hard as it is to believe—that whatever their alternatives are, they are worse. They stay there, too; turnover rates of multinational-owned factories are low, because conditions and pay, while bad, are better than those in factories run by local firms. And even a local company is likely to pay better than trying to earn money without a job: running an illegal street stall, working as a prostitute, or combing reeking landfills in cities like Manila to find recyclable goods.”
Quote by Tim Harford
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The Undercover Economist
In this engaging book, the author delves into the world of economics, revealing its influence on various aspects of daily life. Through a series of thought-provoking anecdotes and analyses, the reader gains a deeper understanding of economic principles and their real-world applications. more
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