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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.” quote by Robert Kuttner
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“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.”

Robert Kuttner

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.

Key Takeaway

Advocate for policies that protect workers and promote fair wages.

Themes

economics labor globalization inequality

Mood

concerned critical

Type

political analytical

When to use this quote

  • policy debates
  • corporate strategy
  • union negotiations
  • public discourse

Key Concepts

comparative advantage wage competition capital mobility

Questions to Reflect On

  • How can societies balance capital mobility with wage protection?
  • What alternatives to low wages can sustain competitiveness?
A Different Perspective

May overlook other factors like innovation and skill development.

3.0 out of 5 (10 ratings)

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