If someone comes along and offers you an opportunity superior to any other that you have, is "exploitation" an appropriate term to describe that offer?
Put more concretely, if a U.S. company pays a Cambodian $3 a day, when his next best opportunity -- digging through trash at a nasty dump -- yields 75 cents a day, has that company made him worse off or better off? If your answer is "better off," how can "exploitation" be an appropriate term to describe the transaction?
~George Mason economist Walter Williams' latest column
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