In Praise of Cheap Labor - Thinking Things Through
Blast from the past--
In Praise of Cheap Labor - Slate Magazine:
" . . . as long as you have no realistic alternative to industrialization based on low wages, to oppose it means that you are willing to deny desperately poor people the best chance they have of progress for the sake of what amounts to an aesthetic standard--that is, the fact that you don't like the idea of workers being paid a pittance to supply rich Westerners with fashion items. In short, my correspondents are not entitled to their self-righteousness. They have not thought the matter through. And when the hopes of hundreds of millions are at stake, thinking things through is not just good intellectual practice. It is a moral duty." - Paul Krugman, 1997
My Reading List
-
Kremlin official suggests Russia could one day try to reclaim Alaska from the US
-
The US purchased Alaska from the Russian government for $7.2 million in
1867. The territory was admitted into the Union in 1959.
-
A Fake Job Offer Reportedly Led to Axie Infinity's $600M Hack - CNET
-
Lazarus, a hacker group associated with North Korea, is thought to be
behind the hack.
-
For Foreign Fighters in Ukraine, a War Unlike Any They’ve Seen
-
Small groups of Western combat veterans are on the front lines, but many
more with fewer skills are left trying to find a role to play.
-
Start-Up Funding Falls the Most It Has Since 2019
-
The drop was another fallout of rising inflation and widespread economic
uncertainty, and a retreat after years of a funding boom.
-
28% of Americans still won’t consider buying an EV
-
More than a quarter of Americans say they would not buy an electric
vehicle, according to a Consumer Reports survey released Thursday. Price,
range and acc...
-
Trump’s trade war on China failed. Biden has the precarious job of reshaping it
-
Four years ago Donald Trump fired the first salvo in his self-harming trade
war with China. Joe Biden now faces some tricky decisions as the US looks
to co...
-
Thursday: Unemployment Claims, Trade Deficit
-
Thursday:
• At 8:15 AM ET, The *ADP Employment Report* for June will NOT be released.
"ADP Research Institute (ADPRI) and the Stanford Digital Economy Lab ...
-
Romney Child Tax Credit Proposal Is Step Forward But Falls Short, Targets Low-Income Families to Pay for It
-
The proposal includes some important improvements to the Child Tax Credit
compared to current law but has significant weaknesses.
-
Two Decades Later, Halo 2’s Iconic E3 Trailer Will Be Playable
-
The coolest part of *Halo 2* never made it into *Halo 2*. If you’re at all
a fan of the series, you know exactly what I’m talking about: the
“Earthcity” ...
-
You Should Download 'The Matrix Awakens' Right Now
-
The PS5 and Xbox Series X/S are powerful machines—that much isn’t news. One
such example of that power is *The Matrix Awakens*, currently available on
bo...
-
‘Every weld is a challenge’
-
Philadelphia schools are focusing career-tech training on preparing
students to move from high school to apprenticeships and skilled jobs,
reports Chalkbea...
-
The iPhone 13 Pro goes to Disneyland
-
This year’s iPhone review goes back to Disneyland for the first time in a
couple of years for, uh, obvious reasons. I’m happy to report that the
iPhone 13 ...
-
Mindfulness: New age craze or science-backed solution?
-
- Mindfulness has become a billion-dollar industry.
- Research shows mindfulness can be an effective wellness practice, yet the
effect sizes found in stud...
-
DeLongTODAY: China Stands Up: 1978-2020: Part III: China Policy
-
#### DeLongTODAY: China Stands Up: 1978-2020: Part III 2021-05-14
-
-
Three steps to keep your YouTube account secure
-
In the spirit of World Password Day, we encourage all creators to bolster
the security of their Google accounts. Unfortunately, over the past several
month...
-
-
32+ Years...
-
[image: image from pbs.twimg.com]
-
Huawei Working On 5G Radar Tech For Self-Driving Cars
-
Current chairman Xu Zhijun said Huawei is working on millimeter-wave radar
and laser radar for use in autonomous vehicles as part of an “ecosystem” of
car-...
-
Bifurcar 'blockchain': universos paralelos de cadenas ingobernables
-
Los usuarios de Nano han demandado a sus desarrolladores por una pérdida de
criptomonedas valorada en 150 millones de euros. Si prospera, estarĂan
obligado...
-
-
The Blog Moves On
-
But the show goes on.
-
The US Treasury’s missed opportunity
-
The US Treasury recently published the first in a series of reports
designed to implement the seven core principles for regulating the US
financial system ...
-
The 'Only' Profession to 'Celebrate What It Means to Live a Life'
-
In another strange sign of the mounting culture wars, Viola Davis’s
emotional Oscars tribute to artists has become political fodder.
-
The search for the best middle-class tax cut
-
Say you want to help struggling middle-class families by cutting their
taxes. Say you want to figure out an actually helpful plan to do that, and
not just ...
-
Jilly Cooper hits out at 'fatal' impact of local government cuts to libraries
-
Cooper, who has an OBE for services to literature, has attacked David
Cameron for allowing more than 350 libraries to close across Britain
-
IBM buys Ustream: is it a workforce communication play?
-
IBM has added Ustream to a long list of video technology company
acquisitions in the recent past -- like Clearleap acquired last month --
buying the stream...
-
Book Expo America, BookCon, Detroit Public TV Video
-
Tweets about #BookCon2015 OR #BEA15
*Date: Fri May, 29 2015 11:00 AM CDT — Sun May, 31 2015 3:00 PM CDT*
*Detroit Public TV will bring live inside the boo...
-
The World's Billionaires
-
Carlos Slim Helu takes the No. 1 spot on Forbes' annual list of the world's
richest as a record 164 billionaires return to the ranking amid the global
econ...
-
-
-
No comments:
Post a Comment