Al Jazeera, Dr. Jason Hickel argues that a global minimum wage is not only just, but doable:
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Because of neoliberal economic policies imposed over the past few decades, companies now have the power to rove the globe in search of what CEOs refer to as the “best investment conditions”.
So workers are made to face a stark choice: accept dangerous conditions and minimum wages of $0.21 per hour, or lose their jobs. The constant threat of replacement keeps workers cheap and docile, to the tremendous benefit of corporate profits.
The problem with globalisation is that capital has been globalised while the rules that protect people from it have not. If we’re going to have a global labour market, it stands to reason that we need a global system of labour standards [and] a global minimum wage.
Not only is it now conceivable to have a global minimum wage system, it’s also – for the first time in history – quite doable.