Does anyone have any data or historical backing on the impact of countries like the USA having a majority of their workers (and thus their spenders) gaining their (relatively) high incomes from globalization of labor and wealth?
I was wondering if this is why it’s not possible for “high quality local products” to really exist as much without having an ulterior earning scheme. (like a subscription model or something.) Compared to a six figure salary from cheap labor done in other places (most white collar economy sources at some level with blue collar work feeding from that stem as well) you can’t really make a viable business that would pay you well enough if you made the product yourself.
Just wondering given the rise of scam business culture and if the massive cash flow is in anyway part of the problem.
Thanks
Does the globalization influx of cash to countries like the USA impact the culture of business?
byu/Lani_19 inAskEconomics
Posted by Lani_19