Ethical Globalization: Imbalance vs. Innovation

It is more profitable for the individual entrepreneur to seek advantage from imbalances in the economy than from genuine improvements in quality or efficiency of production.  Ultimately, if these imbalances are to be corrected without lowering our standard of living, we must focus on innovation.


 

For instance, textile manufacturing has almost entirely moved overseas to cheaper labor markets because it is more profitable to take advantage of the low cost of labor than to improve the manufacturing process.  The lower cost of textiles is not due to a genuine improvement in manufacturing, it is directly a result of imbalances in the labor market and will disappear when these imbalances disappear; we will have cheap textiles only as long as the imbalances in the labor markets exist.  If the labor market balances out, not only would the cost of production rise to what it would cost us to make the products here, but also provide the laborers in other countries consumer power allowing them to afford these products as well.  This increase in demand would not be offset by the increase in production since the improved wages would not necessarily equate to increased production.  The disturbing reality is that it is in our best interest to 'preserve' and even 'perpetuate' the imbalances in the labor market because, unless we offset the correction of the imbalances with genuine improvements in production, our standard of living will decline as those in other countries rise.  Even if we do improve our manufacturing that gain can, if we 'preserve' the labor imbalances, be used to improve our standard of living further, rather than being used to offset the labor correction.  I am not saying this to suggest that we should 'preserve' or 'perpetuate' the labor imbalances, but to point out the very real conflict of interest that exists within our system.  We must understand, as a people, that our standard of living cannot be justly sustained without innovation.  We must choose either to live comfortably off the backs of others, decline for the sake of others, or work hard towards, and invest in, genuine improvements in production that are significant enough to bring labor markets into balance while improving our own standard of living.

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Dead – yes, dead – tardigrade found beneath Antarctica

A completely unexpected discovery beneath the ice.

(Goldstein Lab/Wkikpedia/Tigerspaws/Big Think)
Surprising Science
  • Scientists find remains of a tardigrade and crustaceans in a deep, frozen Antarctic lake.
  • The creatures' origin is unknown, and further study is ongoing.
  • Biology speaks up about Antarctica's history.
Keep reading Show less

If you want to spot a narcissist, look at the eyebrows

Bushier eyebrows are associated with higher levels of narcissism, according to new research.

Big Think illustration / Actor Peter Gallagher attends the 24th and final 'A Night at Sardi's' to benefit the Alzheimer's Association at The Beverly Hilton Hotel on March 9, 2016 in Beverly Hills, California. (Photo by Alberto E. Rodriguez/Getty Images)
popular
  • Science has provided an excellent clue for identifying the narcissists among us.
  • Eyebrows are crucial to recognizing identities.
  • The study provides insight into how we process faces and our latent ability to detect toxic people.
Keep reading Show less

Why are women more religious than men? Because men are more willing to take risks.

It's one factor that can help explain the religiosity gap.

Photo credit: Alina Strong on Unsplash
Culture & Religion
  • Sociologists have long observed a gap between the religiosity of men and women.
  • A recent study used data from several national surveys to compare religiosity, risk-taking preferences and demographic information among more than 20,000 American adolescents.
  • The results suggest that risk-taking preferences might partly explain the gender differences in religiosity.
Keep reading Show less