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this post was submitted on 30 Jul 2024
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theory
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The big takeaway for me is that despite the typical depiction, it’s medium skilled labor that makes up the bulk of the value created by the global south that the global north enjoys, not low skilled labor.
I think those would be the people working in factories who are working building products for export. Domestic goods would be less profitable, meaning lower wages for the workers, but the wealth continues to circulate inside the country. A lot of capital gets tied up in endeavors that are creating surplus value for foreign owners.