No one can deny the plight of Third World sweatshop workers, who endure long, uncomfortable shifts in exchange for meager pay by American standards. In response, some onlookers promote economic sanctions on countries with lax workplace regulations, while others stir up boycotts against multinational enterprises that utilize sweatshop labor. According to Professor Benjamin Powell, such activism may actually harm the very workers who need sweatshops the most. Bob is joined by Professor Powell, who is the Director of the Free Market Institute, a Senior Fellow with the Oakland-based Independent Institute, and the author of a new book, “Out of Poverty: Sweatshops in the Global Economy.” Don’t miss their conversation on the unintended consequences of anti-sweatshop activism, and the real recipe for escaping poverty.
In the last half hour, Bob turns his attention to other forms of so-called “economic exploitation” such as price gouging and the minimum wage.