The nineteenth-century economist Frederic Bastiat asked us to pay attention to the “unseen” as well as the seen in economic life. Where will Bangladeshis who do not get to work in the garment factories (or perhaps other factories if the new minimum wage and labor standards set in more widely) go? Where will they get an income? Will people in Western Europe and the United States send them compensatory payments? -- Mario Rizzo
Posted on: Thu, 26 Sep 2013 00:05:30 +0000
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