How much is a substantial fraction and who determines that? Is it a simple fraction or does it depend on the market and competitive landscape? Is it something governments should regulate or should consumers vote with their wallets?
Companies should adhere to regulations though, no arguments there.
> How much is a substantial fraction and who determines that
I determine that and I say +80% , you dont get weasel out of this with useless semantic distinctions.
> Is it a simple fraction
As oppose to a "complex" one?
> Is it something governments should regulate or should consumers vote with their wallets?
The company owners should be ethical enough to pay that.
Do you use this kind of sophistry to justify your compensation or what you charge for your product or service? I highly suspect that is not the case. Easy peasy to play Aristotle when it is about poor working-people living money.
Do you not buy anything made overseas that pays workers less than 80% of some us based rate? You don’t own an iPhone I assume? You don’t own anything with an intel in it?
If you have to pay 80% of the local wages it's not worth outsourcing and the Philippine economy loses out. Additionally it would completely mess up the Philippine economy. Suddenly people would rather work in a call centre than, for example, become a doctor because the salaries would be high and barrier to entry low.
Companies should adhere to regulations though, no arguments there.