On how an international minimum wage can prevent competitive exploitation

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“ Unlike playing countries off against one another, improving international minimum wages are in the interests of all populations, not merely because they improve the living standards of workers, but because they enable greater income tax revenue to government treasuries and more capital to flow through markets at the end where discretionary spending makes a difference. If globalisation allows multinational corporations to base their operations where a worker’s value is a mere $10 a week, it sets up a situation ripe for competitive exploitation that becomes everyone’s problem. Without an international minimum wage, we’re all worth 10 bucks ”

Van Badham, ‘Worker exploitation: without an international minimum wage, we’re all worth 10 bucks’, The Guardian

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