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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (258368)7/3/2010 2:54:00 PM
From: grusumRead Replies (2) of 306849
 
SB: "we need high tariffs on any country that engages in slave labor and drives down the wages of americans."

start a trade war because someone is willing to work cheaper than you are? the essence of a 'fair wage' is one that the employer agrees to pay and the employee agrees to work for. and if both those conditions aren't met, labor doesn't happen.

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SB: "once other nations pay living wages with decent conditions, the tariffs can be removed and the true competition can be allowed."

wage inflation gets real inflation, so then we see rising prices in everything. if someone wants to produce something at less than cost to drive someone else out of business, let them. the consumer will benefit. and if they are successful in driving someone out of business they are more vulnerable than at the beginning because they have lost money. when they raise prices again someone else will go back into competition with them. (if the government allows them to)
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