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General Discussion / Re: Profit Incentive Rocks
« on: June 12, 2010, 12:05:22 pm »
Shoes are made in these countries because it is cheap. Companies wish to maximise profits, so they invest money into moving their operations into these places.
Generally, people with a low standard of living are a good source of cheap labour. If the standard of living somewhere increases, then the cost of labour there increases.
If the cost of employing people in these countries were to go up, then they would either move somewhere else or employ less people to do more work each.
Generally, people with a low standard of living are a good source of cheap labour. If the standard of living somewhere increases, then the cost of labour there increases.
If the cost of employing people in these countries were to go up, then they would either move somewhere else or employ less people to do more work each.