Talking about this article in Inc. One of the problems I've always had with Classical Marxism is that people do not always act in their best interest. That's true of Adam Smith Capitalism as well as Classical Marxism, actually. We think people act in their best interest. But. They. Don't.
Which is why business owners tend to be against universal health-care and the like. You can prove empirically that they companies they run would be vastly better off if we simply socialized medicine. It took GM something on the order of 50 years to realize that.
Here, Inc analyzes the costs between hiring an engineer for $100,000 in New York versus hiring one in Oslo. As I've suggested in a previous post, most of these costs put a downward pressure on salaries in New York. And that might very well be a problem if you have a service or industry which simply requires a set number of workers. So maybe I rescind the idea in my previous post that these costs are just the price of doing business rather than a "tax" in the classic sense. Because if you're in competition with an overseas company, they clearly have the edge.
Via.
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