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That is why we need a $20~$30/hr minimum wage. With that pay rate then we can support the house prices at the peak of the housing bubble.
So you are advocating $63K per year as minimum wage worker salaries ?
Where do I sign up for these no skill min wage jobs paying $30/hour ?
I'd even be happy working p/t at that wage.
So you are advocating $63K per year as minimum wage worker salaries ?
Where do I sign up for these no skill min wage jobs paying $30/hour ?
I'd even be happy working p/t at that wage.
That with a strong devaluation of the dollar will tend to put the economy on the fast track to recovery. There would tend to be a contraction in the short term but long term there would be growth long before we would otherwise see economic growth after the housing bubble started to pop. Japan has been at it for nearly 20 years and they haven't gotten sustained growth yet. We need wages to be high enough to support growth from the top of the peak in the housing bubble.
We will, once our wages get closer to those of China and India the jobs will come back here. Wall Street and the rich got what they wanted, a nation full of economic slaves that will take jobs for the same pay as they were getting in the '60s and '70s. When housing values drop another 50% the real recovery in manufacturing will take place.
Sad isn't it. The lies sold to people about "free trade' which benefited a few and destroyed so many families and cities.
We will, once our wages get closer to those of China and India the jobs will come back here. Wall Street and the rich got what they wanted, a nation full of economic slaves that will take jobs for the same pay as they were getting in the '60s and '70s. When housing values drop another 50% the real recovery in manufacturing will take place.
We can require American corporations to obtain foreign work permits for all employees that they hire overseas, and cap them in the same way that H1B work visas are capped for foreign workers who want to work here.
We can require American corporations to obtain foreign work permits for all employees that they hire overseas, and cap them in the same way that H1B work visas are capped for foreign workers who want to work here.
They don't hire them from here in the US. They form subsidiaries and the hiring is local. The multinationals go one step further. You have to quit here and get hired there as there is no transfer.
All the more reason for why we need to put the screws to them before they all go out of business. A few more costly government mandates, and some carbon tax punishments are in order for US corporations. Oh, and no more waivers for companies who want to opt out of 0bamaCare, in facr, rescind the ones we already gave out.
Yes, I get your point: over-regulation will not solve the problem.
But guess what? Neither will anything you argue for.
Under the current economic paradigm, it is inevitable that our living standard will decline while standards increase in other parts of the world. This is what globalization is fundamentally all about. The things we argue about on here are mostly a side show that can't do anything to reverse these trends.
The 'illegals' are mostly doing jobs that are low paying to begin with - ie, landscaping, housecleaning, etc. The jobs we are losing by way of offshoring are very good paying jobs, and their loss effects our economy on a much greater scale - as witness our current hopeless economic situation.
Yes, I get your point: over-regulation will not solve the problem.
But guess what? Neither will anything you argue for.
Under the current economic paradigm, it is inevitable that our living standard will decline while standards increase in other parts of the world. This is what globalization is fundamentally all about. The things we argue about on here are mostly a side show that can't do anything to reverse these trends.
Yup. More and more people though are finally starting to realize this.
Did people not think that eventually those "third world" countries would rise themselves due to our lust for imports ?
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