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Tuesday, April 4, 2017

RE SCYLLA AND CHARYBDIS OF GLOBALIZATION

Lower labor costs predations, the many headed monster of lower labor costs, Scylla, on the cliff on the one side,

matched only by global average or median income convergence, the chute of Charybdis, the whirlpool, down to the bottom of the ocean, on the other.
 
An enormous pincer movement.....
 
Forget about wealth disparities, divergence, the top 1% versus the 99%, stuff like that,  among Western elite populations: that is the trivial side show they want you to focus on.

Terms search: divergence

 

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