RE: Unemployment. Honest debate.
August 31, 2011 at 7:40 pm
(This post was last modified: August 31, 2011 at 7:53 pm by The Grand Nudger.)
The same fundamental economic rule book (the one you are suggesting) doesn't lead anywhere happy. We've been down that road, and as many posters have already pointed out, it leads to slavery. If "whosoever shall work for the cheapest" is the whole of the law, it's a shitty law. You keep referring to high tech manufacturing as though there isn't somebody in Korea that this has already been outsourced too. There isn't any job anywhere that someone won't do cheaper than you. That minimum wage laws are constantly broken in spite of the penalties associated shows that business is willing to absorb the risk. Your dream of an America without minimum wage laws is already here. Is it working out the way you expected?
I understand your focus on competition. Believe me I love competition. I was merely trying to give some perspective on our situation with China RE production. We have a set of rules which bind us. They will not follow these rules. That's not competition. Why do we have these rules? Centuries of bargaining from the point of people as property to today. I'd be lying if I said I agreed with all of them, but things like a minimum standard of living are hard to argue against. Minimum wage itself is a compromise between "no wage" and "living wage".
I understand your focus on competition. Believe me I love competition. I was merely trying to give some perspective on our situation with China RE production. We have a set of rules which bind us. They will not follow these rules. That's not competition. Why do we have these rules? Centuries of bargaining from the point of people as property to today. I'd be lying if I said I agreed with all of them, but things like a minimum standard of living are hard to argue against. Minimum wage itself is a compromise between "no wage" and "living wage".
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