Website review: Economists View: "China and Wal-Mar...
amitjagtap discovered this in Economics
•1 reviews since Jul 3, 2008
economics
•economistsview.typepad.com/economistsview/200...
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amitjagtap discovered 2 months ago- From the page: "Christian Broda argues that globalization has not increased inequality. The argument is that "China and Wal-Mart have increased the purchasing power of the poor more than the rich," and this offsets unequal changes in income. [My response is here and here. The response argues that a full assessment of the change in worker circumstances should include factors such as changes in economic security (see recent headlines about job layoffs), employer based health care and retirement programs, debt burdens, etc., "and when you do that, it is far less clear that workers have benefited overall "
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