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Comment by simgt

4 days ago

There is no dissonance here, workers being put in competition with much cheaper ones on the other side of the planet is absolutely going to drive their wages down. They got 30 years of that... and many of us in Europe did too.

Wages may have to go higher at the lower end, but consumption also needs to change. Most of the price of "food" is packaging, transport and marketing, not farmers' wages. Here in France people buy on average 50 items of clothing a year, 50! The amount of items has increased by 50% in the last 15 years.