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a global minimum wage would have the effect of re-regionalizing production.
but the problems of implementation cited earlier are real: the best mechanisms available at the moment are multi-lateral agreements.
this transnationalization of production did not just happen one day--it is the outcome of much of the history of capitalism and the particular types of rationalization that have developed within and around it--and of patterns of financial activity that you can see really taking shape with the internationalization of stock trading in the early 1970s. reversing or altering this tendency will not happen as a result of a single measure.
i support the idea of a global minimum wage because i see it as a way of fracturing production processes that are now highly centralized. but it does not address other important questions----for example the effects of increased automation in manufacturing----it is possible that such a measure would accelerate the automation of production even further, so you'd see more production happening in more places, but that would not translate into a whole raft of jobs for those who lived in these places.
something more radical seems required.
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a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear
it make you sick.
-kamau brathwaite
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