Globalization

Globalization

Free Trade

China, India, Latin America

Worker Income per year:

6 days x 10 hours =

60 hours a week

60 hours a week x $0.30 =

$18

$18 x 52 weeks =

$936

Total Income: $936

Protectionism

Fair Trade

United States

 

Worker Expenses per year:

Heat:  $1,000

Electric:  $1,200

School Taxes:  $2,000

Property Taxes:  $2,000

*Transportation:  $1,560

    Water & Sewage:    $200

Health Insurance:  $3,000

 

 **Home facilities:    $400

 

    Total Expenses: $11,360

         

 

 

*

10 miles a day at 50 a mile = $5

$5 x 6 days = $30 a week

$30 x 52 weeks

 

**

Bathroom: $10,000

Heater: $5,000

Kitchen: $5,000

Total: 20,000

 

20,000 / 50 years = $400 a year

 

 

 

    

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