Stomper_Stoddard's Journal: Globalization

The down side of Globalization is shared poverty. Most advocates of Globalization will tell you it has an equalizing effect that raises wages of the poor in third world countries. This is true, the average wages in the third world go from 50 cents an hour to $1.50 an hour, but what they forget to tell you is the average first world wage drops from $18.00 per hour to $5.15 per hour. Then the question becomes, does it matter that I can get a TV for $79.99 at Wal-Mart if I am living in a cardboard box ?