Quote of the Day
If someone comes along and offers you an opportunity superior to any other that you have, is "exploitation" an appropriate term to describe that offer?
Put more concretely, if a U.S. company pays a Cambodian $3 a day, when his next best opportunity -- digging through trash at a nasty dump -- yields 75 cents a day, has that company made him worse off or better off? If your answer is "better off," how can "exploitation" be an appropriate term to describe the transaction?
~George Mason economist Walter Williams' latest column