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fair wages in developing countries

1.When considering fair wages in developing countries, would you say that we truly have fair wage standards in the U.S. for positions comparable to those in developing countries?

2.Should the American companies that are operating in developing countries ignore the working conditions and not research what would be considered a fair wage for the region?

3.What should a company do in order to remain in business/competitive while attempting to maintain a cost that consumers are willing to pay for goods and services that must likely must be produced outside of the U.S. in the first place and then imported?

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1.When considering fair wages in developing countries, would you say that we truly have fair wage standards in the U.S. for positions comparable to those in developing countries?
We have fair wage standards in the US that apply to US conditions. However, when US companies operate in developing countries they should pay the same wages that they pay in the US. Fair wage laws in developing countries may be unfair or even nonexistent that does not mean that US companies should set up facilities in those countries and exploit workers there. It is simply not ethical. The ...

Solution Summary

Fair wages in developing countries is discussed in great detail in this solution.

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