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altairTF | 2 years ago

The paradox of rights(don't quote me, i just made this up). In wealthier societies, demands for greater worker rights from the government increase. This can lead to more bureaucracy and higher labor costs, potentially making third-world countries with lower regulations more attractive for importing goods or outsourcing production. Countries already operates in a libertarian interaction with each others. I find these global economics aspects fascinating

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bluGill|2 years ago

Wealthy countries tend to invest in automation. If you have 1/10 as many workers you can pay them 5 times as much.