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pancake@lemmygrad.ml to Socialism@lemmy.ml · 10 months ago

Unequal exchange of labour in the world economy

www.nature.com

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Unequal exchange of labour in the world economy

www.nature.com

pancake@lemmygrad.ml to Socialism@lemmy.ml · 10 months ago
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Unequal exchange of labour in the world economy - Nature Communications
www.nature.com
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Hickel and colleagues find that, in 2021, the economies of the global North net-appropriated 826 billion hours of embodied labour from the global South, across all skill levels and sectors. Unequal exchange is understood to be driven in part by systematic wage inequalities. They find Southern wages are 87-95% lower than Northern wages for work of equal skill. While Southern workers contribute 90% of the labour that powers the world economy, they receive only 21% of global income.
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  • Cowbee [he/they]@lemmy.ml
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    10 months ago

    Liberals will see this and defend it because it’s “consensual.”

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