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> For me, a cruise is basically a hotel pushed into international waters (or some other legal fiction) for purposes of cheap labour.

It's not a complete free for all once in international waters. The law of the flag the ship sails under (i.e. the jurisdiction where it is registered) applies. However, in practise many ships fly a flag of convenience, e.g. Liberia. The minimum wage in Liberia for unskilled labour is $4/day(!)



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