(March 11, 2016 at 9:51 pm)paulpablo Wrote: There are different forms of capitalism, but it doesn't really affect the question I asked. I'm just asking how does any form of capitalism make a difference to decisions made by private companies on who to hire?
In the absence of legislation, it makes a hell of a difference. It's the main reason why so many companies are outsourcing to low wages, low regulations countries. However, agreeing to them paying a pitance, won't keep anyone afloat in countries where living costs are high. And that's not even taking into account that paying a pitance isn't a temporary phase today. If they can get away with it, they keep the pay low.
It's a vicious circle, actually, since they all want to sell their products to western consumers. But the more they outsource and the less they pay, the less consumers are actually able to afford their products.