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Prior to it American labor could organize for fair labor practices and better pay but after it they just moved it to China where the average worker is literally payed $0.54 per hour.
That's a result of unions and organizing. It wasn't 'fair' labor price, it was overpricing labor and pricing themselves out of the market.
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THAT is why decent pay jobs for all but the most specialized has left the country.
It never did have any more value than it does now. It was just exploiting government favors to extort excessive money for low value labor. It was ALWAYS unsustainable and the current outcome was absolutely inevitable.
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Why pay low skilled Americans to sew clothing in North Carolina for minimum wage when you can get Chinese to do it for an average of $0.54 per hour?
Why do it? Because some people believe that extortion is a viable economic system.
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BTW that's the AVERAGE hourly wage in China so low paid workers make much less maybe even as low as $0.20 per hour.
Maybe that's all it's actually worth.
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There is no worker's comp, there is no unemployment, there is no disability, there are no OSHA standards. Just $0.20 an hour and that's it. If we had a tariff, as all the founding fathers said we should, then there would be no dodging decent standards and so we would still have those well paying blue collar jobs. It is a direct if, then relationship.
There's also a direct relationship between extortion and the loss of industries who were extorted. Simple and direct.
Simple. The American polical system is highly corrupt and only does what those people with money want. Nothing more, nothing less. Democrats will occasionally throw a bone to regular people when they need votes while Republicans don't even bother pretending they care about regular people. The political system is absolutely, 100%, owned by special interests and who ever will pay the most money. It is corrupt.
THAT is the real reason why the American political system is so unresponsive to the will of the American people. It does what lobbyists want and not just any lobbyists but only the ones which pay the most. Thus the 5% who control 60% of the nation's wealth get everything they want while the other 95% get nothing of meaningful value.
The problem is that you're allowing government to control all these things.
Put it back where it belongs, being unable to control things for ANYONE's benefit, and we'll all benefit.
The unavoidable reason is free trade and Republican policies.
The simplest answer is this is the consequence of capitalism. We had a grace period post world war 2 but the world rebuilt itself (with our help) and now they out compete us.
So we get the govt out of the way .... How is that going to improve things? What is this golden age in human history without govt intervention?
As if it works WITH government intervention... Sheesh.
Look, I don't really care if your religion is one of worshiping Congress or not, the fact is, Congress IS NOT competent at managing business, the economy, who wins and loses, etc.
As if it works WITH government intervention... Sheesh.
Look, I don't really care if your religion is one of worshiping Congress or not, the fact is, Congress IS NOT competent at managing business, the economy, who wins and loses, etc.
You didn't answer my question.... Instead you put words in my mouth about congress being my religion.
It is pretty obvious you are full of rhetoric but no substance. Congress and the govt are just human inventions.... Have you ever considered the issue is the type of people we put into govt and not govt itself?
Again, please point to this golden age in human history free from govt involvement?
Please give a source for your estimations. Especially your 'one quarter of jobs in this country make close to minimum wage' nonsense?
Can you also talk about low wage earners who refuse to look for more work, refuse to get a car, refuse to look for a second job, refuse to get more education and somehow still blame someone other than themselves?
Perhaps everyone should look for a career on Wall Street that is being propped up by Big Government?
You didn't answer my question.... Instead you put words in my mouth about congress being my religion.
It is pretty obvious you are full of rhetoric but no substance. Congress and the govt are just human inventions.... Have you ever considered the issue is the type of people we put into govt and not govt itself?
Again, please point to this golden age in human history free from govt involvement?
Paulinistas and their ilk flourished back in caveman times. <LOL>
As if it works WITH government intervention... Sheesh.
Look, I don't really care if your religion is one of worshiping Congress or not, the fact is, Congress IS NOT competent at managing business, the economy, who wins and loses, etc.
Obviously Obama isn't competent in governing where it benefits the American people.
So we get the govt out of the way .... How is that going to improve things? What is this golden age in human history without govt intervention?
The industrial revolutions of the united states and the UK were some of the lowest levels of government intervention ever.
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Originally Posted by J746NEW
Perhaps everyone should look for a career on Wall Street that is being propped up by Big Government?
As someone who works on wall street, I wish the government would get out of the markets. As do most of my colleagues. Government action in the markets today is setting us up for disaster.
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