Advantage Quote by Robert Kuttner
“In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.”
About This Quote
Source Essay: The Future of Work, 2020
When technology and capital move easily, wages become the main competitive factor, risking a race to the bottom.
In simple terms: Wages may become the only competitive edge.
Advocate for policies that protect workers and promote fair wages.
Themes
Mood
Type
When to use this quote
- policy debates
- corporate strategy
- union negotiations
- public discourse
Key Concepts
Questions to Reflect On
- How can societies balance capital mobility with wage protection?
- What alternatives to low wages can sustain competitiveness?
May overlook other factors like innovation and skill development.