Wages should be at a level than an ordinary person can live on. On the other hand a global market place employment will tend to move to counties where wages are lowest. Free market forces should lead to a reasonable balance, but that’s not what’s happening. Markets aren’t free, they are manipulated. The price of commodities is fixed by futures and options markets, and curency exchange rates are fixed on the forex market in the US. Because of leverage, often a far greater amount of an item is traded on the exchanges than actually exists in reality. David Cameron once said that England couldn’t compete in the manufacture of ordinary clothing, and wouldn’t want to, but there is a place for English
business in the higher end of the market. No-one wants a job in a clothes factory that pays £ 400 a week + 4 silver shillings? The skills still exist, and keen workers could be trained in a few months, and the average pay in the textile industry in the UK is £ 612 a week. So surely £ 400 is reasonable to start rising to £ 600 for skilled efficient workers, and more for the more difficult jobs. English workers have better social conditions than Bangladeshi workers. The UK consumer should pay the same towards pensions, heath cover etc. wheather the item is made in England or not. The revolutionary will lower Nation insurance contributions for English workers and their employers and charge the equivalent in customs duties on goods arriving from countries where the workers have no such cover.
Countries that provide reasonable cover for their workers will be exempt. This should help to improve conditions in the far east whilst providing employment at reasonable rates in England.