Well, of course. But what I am talking about is living wage. To be more specific you can be paid 100$ a month here, 150$ if you are lucky. I believe the same is even worse in China, work payment is so little every corporation as put their factories there because the want to keep prices competitive since everyone else is doing. Perhaps what I truly mean is that there's no goverment protecting workers from being exploted, so is not just paying a little but you can hang on with that, is paying shit because you don't have a choice but to take it.
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The challenge is it is in no business' best interest to pay a living wage. If they could, they would automate it all and let people die, because that is the algorithm of business. If we want a living wage, we have to change the algorithms, which means we have to change the way we demand, including what we demand from governments (they are a reflection of us, right) and the financial systems, including money.
In there you are absolutely right. Culture in here is shitty as hell! South America has a very long way to go in these matters.