To: Lizzie Tudor who wrote (568056 ) 4/23/2004 12:48:15 PM From: Johannes Pilch Read Replies (1) | Respond to What you are trying to force by this brand of protectionism is artificially high wages and therefore a severe reduction in employment and productivity. As it is today, there is a greater un-met demand for basic comforts (and for jobs to afford them) elsewhere in the world than here in America. This un-met demand, because it is so plentiful, places a natural pressure on business to fill it, since it promises to make the cost per unit of work much lower. With lower cost of work, a lower cost of goods results in generally lower prices to the consumer. Once the un-met demand for basic comforts is filled, workers tend to demand non-essential comforts, increasing costs and placing pressure on business to seek favorable labor costs elsewhere, filling un-met demands there. In this way wealth is naturally spread around the globe.
