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View Diary: Progressive Economics 101: A Living Wage (11 comments)

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  •  Yes, this is exactly what I was getting at (4+ / 0-)
    Recommended by:
    poligirl, jamess, SciVo, firemage

    ...what's necessary is to create a legal environment where even employers who otherwise would strongly like to be conscientious about paying their workers decently get caught in a "race to the bottom" against competitors able to take advantage of a low-wage worker business model.  The same dynamic happens with environmental regulations - when some states are able to lure polluting and extractive industries by having lax regulations, penalizing companies trying to compete in states with more responsible environmental regulation.

    •  Oops, I meant instead... (4+ / 0-)
      Recommended by:
      poligirl, jamess, SciVo, firemage

      that what's necessary is to disallow maintainance of a legal environment where even employers who otherwise would strongly like to be conscientious...are caught in a "race to the bottom" trying to compete with companies in states facilitating a low-wage model.

    •  Re: environmental race to the bottom (1+ / 0-)
      Recommended by:
      jamess

      I favor a Negative Externality Tariff & Tax (NETT) that levels the playing field for socially responsible companies by assigning a dollar value to polluted communities and dangerous/degrading working conditions, and imposing a compensating tariff or tax (depending on whether it's an import or a domestic good, respectively). It's normally called a Pigovian tax, but I like my name better, if only so that the compensating tariff for unsafe working conditions would be called a "safety NETT." :3

      I want to live in a civilization.

      by SciVo on Sat Jan 17, 2009 at 05:23:06 PM PST

      [ Parent ]

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