However, the idea of “global fair wage”, and similar notions is usually tossed out by people seeking protectionism — to protect their own union jobs; or to protect their inefficient industry.
As others have pointed out, the purchasing power of money is far greater in China than it is in N. America (about 4 times as great, in fact). Therefore, the 36 cents buys what $1.50 would in the USA.
The per-capita GDP in China tanked under the Maoist Communists. It’s been growing at double-digit rates in recent years. Whether or not this emerging economic prosperity will lead to more democracy is an open question. If trade barriers were erected, such that the economic growth were ended or reversed; there’s no question that personal liberties would not advance further, and would probably be reduced.
If people want their country to erect trade barriers against China, in the belief that they would protect their jobs or industries; then they should just say so. At least an honest debate could ensue. It would just be deceitful to pretend to be compassionate about the foreign workers — while really just caring about themselves.
Its not about a 'fair wage' there are two things I think we should strive for. (1) Make sure the people in nations we do business with are free... That way they can elect their own governments to fix things. (2) That we don't allow American industries to be completely destroyed sure let the buggy whip folks go but textiles? manufacturing? I prefer tariffs which would put the quality of the products in competition not lock out products.
As others have pointed out, the purchasing power of money is far greater in China than it is in N. America (about 4 times as great, in fact). Therefore, the 36 cents buys what $1.50 would in the USA.
Not that Im tied up on numbers but 1.50 an hour is less than a paperboy makes here and is making about 4,000 dollars a year (assuming youre working 40).