21. As normative reporting it justified the utility of poverty theory of low wages which was associated with a mercantile concern with low export prices. 22. The other side of the coin is that some of the manufacturing jobs lost in high wage countries have turned up in low wage countries. 23. For most foreign investors involved in export processing in low wage locations, foreign plants are cost centres, rather than profit centres. 24. Low wages, high unemployment and rising crime are facts of life in the North, more so than many other parts of the country. 25. But as European and Japanese business turned their attention to the US market their relatively low wage costs allowed them to make substantial inroads. 26. At the same time these low wage costs and the expanding European market encouraged a growing level of US foreign investment. 27. MY DAUGHTER, who lives at home with my wife and I, is in full employment and because of her low wage she pays a reduced poll tax. 28. Americans who work full time and pool resources can stay out of poverty, even if they earn very low wages. 29. And despite its reputation for low wages, the service sector is adding most of the higher-wage jobs. 30. And he finds the greatest overall prospects in Sweden and Ireland, countries that are attracting foreign investment with low wages. |