RE AN INTERNATIONAL ECONOMY AND CURRENCY

RE AN INTERNATIONAL ECONOMY

Economic considerations have also been the motivation behind international migration for many centuries as well.  A flow of undocumented migrants usually results from and denotes a state of economic disparity between the sending and receiving countries.  However, today, another form of movement, similar in nature, but legally proper, is also taking place on a widespread basis.  This movement constitutes the flow of goods from countries where wages are lower and production costs consequently cheaper, to countries where the product is destined to be ultimately marketed or utilized, at a more favorable economic return.  This latter form of movement constitutes one aspect of that which is referred to above as "outsourcing."  Another form of outsourcing comprises the practice wherein companies in countries where wages are relatively higher transfer a number of "back office" functions, such as accounting and customer relations, to employees halfway across the world who command wages that are a fraction of those in the originating country.

Many in the United States and Europe also presently blame competition from undocumented migrants working within their countries for more scarcity of domestic jobs, lower wages for said jobs, as well as various other economic and social ills.  But the true solution to many of these problems appears to likewise prospectively lie in the establishment of a single worldwide economy.  For in a borderless world, having a single currency, a single worldwide pricing system, and a consequent worldwide system for a natural determination of wages for the various professions, trades, and other employments for which wages are normally the form of recompense, there would be no further need for outsourcing, nor for migrants illegally crossing borders.  There would, first of all, be no borders for a person in search of employment to cross.  Moreover, he or she would not need to travel far from home for the purpose of earning higher wages for the same work, because a single worldwide economy would naturally dictate, and/or result in, a more or less single worldwide rate of pay for his or her job title.

Of course wages, like prices, would vary somewhat due to logistical and other such considerations, such as unavoidable travel requirements, or premiums demanded in place A by people in place B due to the scarcity of their particular services in place A.  But it is expected that, re most forms of employment, a natural "filling in" would eventually take place, causing travel as well as scarcity to become a thing of the past.  Moreover, it would not be worthwhile, nor in fact necessary, for a company in place A to have its products made in place B in order to trim costs--because the cost of materials, as well as wages, would be basically the same in both places.  (Of course, in this regard as well, scarcity of something in place A would require transportation of it from place B, and thus justify an addition to its cost in place A.

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