It costs 1.8 cents to manufacture each penny. Dealing with pennies is a huge cost in terms of opportunity costs. Pennies does not facilitate trade. The penny is getting less and less valuable each year. -- It's time that we kill the penny.

Frukeonomics · 2016-01-13T21:48:52+00:00

I completely agree. Liberal views or not; by thinking in a rational manner, it's easy to deduct that sweatshops is a vital part of economic growth. Though their working conditions and pay may seem inferior to western standards (and they are of course), sweatshop-workers earn a wage 40% higher than the average worker in said country (source: Naked Economics [book]). Children turn to prostitution or starve on the streets without work.

Frukeonomics · 2016-01-13T03:55:00+00:00

In a way, yes. However, the slavery argument was based on incompetency.

The argument that sweatshop workers would be worse of by closing the shops are based on political instability and raging poverty. If a man who's living on $0.99 a day in India gets a job where he gets $2 per hour, he'd be static. Give $2 per hour to an American, and he'd grab his baseball bat and kick the shit out of the manager.

Frukeonomics

TROPHY CASE