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Reply #17: One problem (hypothetical) [View All]

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legin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-17-03 04:21 PM
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17. One problem (hypothetical)
You live in a village of 100 people in rural Vietnam. Your annual salary is $100. The total salary of the village is $10,000 per annum. You and the people in your village are just managing to not quite starve.

In your local town a multinational has just moved in and set up production. They are paying the going rate for the town of $300 per annum. However the unemployment figure for the town is 50%.

A village meeting is called, the question being "Is it time to move and seek employment in the town ?"

The answer is yes.

50 of the villagers will get employment at 300 = $15,000.
50 of the villagers can sift through rubbish tips for things worth saving or they can beg on the streets, for an income of $10 per annum = $500.
So the total income for the village is $15,500.

It is only not worth them going if the umemployment figure for the town is 66%.

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  -Nike sweatshop in Vietnam. Good or bad? What's your opinion? J_Q_Higgins  Aug-17-03 01:28 PM   #0 
  - Hard for most Americans to believe.....but it's true for the most part.  Old and In the Way   Aug-17-03 01:45 PM   #1 
  - Cuba too.  J_Q_Higgins   Aug-17-03 01:59 PM   #2 
     - That I agree with  sandnsea   Aug-17-03 02:20 PM   #7 
     - excellent point  Zuni   Aug-17-03 04:00 PM   #15 
     - The evilness of Communism?  ott   Aug-17-03 04:31 PM   #18 
  - 3 years to buy a bicycle?  sandnsea   Aug-17-03 02:01 PM   #3 
  - I have a simple question for you.  J_Q_Higgins   Aug-17-03 02:09 PM   #4 
     - Question for you?  sandnsea   Aug-17-03 02:18 PM   #5 
        - My answer  J_Q_Higgins   Aug-17-03 03:21 PM   #10 
           - Why do you buy these higher prices crap?  sandnsea   Aug-17-03 03:48 PM   #14 
           - Walmart executives would have to take a pay cut, prices would stay low  WhoCountsTheVotes   Aug-17-03 09:02 PM   #21 
  - you first  gristy   Aug-17-03 02:19 PM   #6 
  - Sure!  J_Q_Higgins   Aug-17-03 03:02 PM   #8 
     - Menstrual Leave  Iverson   Aug-17-03 03:16 PM   #9 
        - That's really awful.  J_Q_Higgins   Aug-17-03 03:28 PM   #11 
           - not much "good" to find  Iverson   Aug-17-03 03:39 PM   #12 
              - Communist dictators love Capitalist corporations  WhoCountsTheVotes   Aug-17-03 09:21 PM   #22 
  - Clearly a good thing  HalfManHalfBiscuit   Aug-17-03 03:47 PM   #13 
  - No simple answer  Zuni   Aug-17-03 04:08 PM   #16 
  - One problem (hypothetical)  legin   Aug-17-03 04:21 PM   #17 
  - The author's crowing  legin   Aug-17-03 05:00 PM   #20 
  - Mmmmmm...  legin   Aug-17-03 04:53 PM   #19 
  - Good call - I don't like it one bit.  Ein   Aug-17-03 09:29 PM   #24 
  - Sounds like the "model factories" of the old Soviet days  WhoCountsTheVotes   Aug-17-03 09:25 PM   #23 
  - I have not bought Nike's for ten years now  vision   Aug-17-03 09:55 PM   #25 
  - good or bad?  matman00   Aug-17-03 10:18 PM   #26 
  - BAD...the environmental damage lasts for generations....the low  amen1234   Aug-17-03 10:37 PM   #27 
  - bad.  KG   Aug-17-03 10:47 PM   #28 

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