Thank you for visiting my blog. I post things I think will be of interest to high school students and teachers of economics/government/civics etc. Please leave a comment if what you find here has been useful to you. THANK YOU!
Sunday, February 13, 2011
The Price of Labor is less than the Price of Capital...Nothing can go wrong in this picture...
Workers checked electric wires above an intercity high-speed railway in China's Jiangxi Province. NYTIMES photo
I think its kinda interesting that we look at this picture and say WOW when the people from this area or country see it as their norm. I think its also interesting how the difference in the price of capitol in different nations can differ the lifestyles of the people living in it so much _ Jibin Jos
That is really dangerous, it is weird to think that people in other countries can do things that we would never even consider. There are so many differences in the way things are done just to save a buck in other countries.
Wow that is amazing. It is amazing to think that people can put there lives in that much danger to receive wages that are probably low as can be. If this was in America it would probably be seen as ridiculous. However, in countries that do not have as much money, it is understandable that the government would use people for this kind of work because it is way cheaper.
View My Stats
I think its kinda interesting that we look at this picture and say WOW when the people from this area or country see it as their norm. I think its also interesting how the difference in the price of capitol in different nations can differ the lifestyles of the people living in it so much
ReplyDelete_ Jibin Jos
That is really dangerous, it is weird to think that people in other countries can do things that we would never even consider. There are so many differences in the way things are done just to save a buck in other countries.
ReplyDeleteWow that is amazing. It is amazing to think that people can put there lives in that much danger to receive wages that are probably low as can be. If this was in America it would probably be seen as ridiculous. However, in countries that do not have as much money, it is understandable that the government would use people for this kind of work because it is way cheaper.
ReplyDelete