If I had to guess I'd say the pay raises have more to do with the fact that workers are fed up and demanding raises then they do with labor shortages.
I've heard very little about the positive things the world bank and IMF do, and a whole lot about the shitty things they do, so I'd be fine with those institutions ceasing to exist. Any positive things they do could probably be done better by other, less corrupt organizations.
Sounds like a cool and potentially useful app.
The workers are switching back and forth between the farms and factories. Since workers have the option of where they want to work, The factory owners have to make their offer appealing, so they increase wages. If they don't, they experience labor shortages.
Stiglitz has a great book on just this, called Globalization and its Discontents
. Captivating read should you wanna venture into the subject.
Harkening back to the other discussion
WASHINGTON – To the US technology industry, there’s a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business. To unions and some Democrats, it’s more sinister: the push by Facebook’s Mark Zuckerberg to expand the number of visas for high-tech foreign workers is an attempt to dilute a lucrative job market with cheap, indentured labor.
The answer is somewhere in between, depending as much on new technologies and the US education system’s ability to keep up as on the immigration law itself. But the sliver of computer-related jobs inside the US that might be designated for foreigners – fewer than 200,000 out of 6 million – has been enough to strain a bipartisan deal in the Senate on immigration reform, showcase the power of big labor and splinter a once-chummy group of elite tech leaders hoping to make inroads in Washington.
“A lot of people agree that employers should have access to (highly trained) immigrants – that they are a benefit to the country, and we are a country of immigrants,” said B. Lindsay Lowell, director of policy studies at Georgetown University’s Institute for the Study of International Migration. “I think the question is how much of a good thing is good.”
The expansion of H-1B visas is considered the first major victory for Zuckerberg’s new nonprofit lobbying organization, FWD.us, which receives financial backing from such big tech names as Bill Gates of Microsoft, Reid Hoffman of LinkedIn and Napster pioneer Sean Parker. In announcing the group, pronounced “forward us,” Zuckerberg in April called for changes so that U.S. businesses could attract “the most-talented and hardest-working people, no matter where they were born.”