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To: Sea Otter who wrote (108466)	2/18/2010 4:37:59 PM
From: Hawkmoon	3 Recommendations Read Replies (1) \| Respond to of 116555

In the long run, a living wage (and standards of poverty) must be set globally Then the unions and other workers in the developed world are in for a lot of pain. And consequently, so are their governments. Don't like seeing the US become more protectionist, but when we have 15-20% unemployment, something has to give. And I'd rather see Americans employed than Chinese, Indians, and Latin Americans. Hawk

To: Sea Otter who wrote (108466)	2/18/2010 5:54:56 PM
From: Casaubon	1 Recommendation Read Replies (2) \| Respond to of 116555

We don't set a living wage, in our Capitalist system because, we can't. Instead, we provide the means by which the citizenry can fairly participate in the opportunity. Towards that end, we provide tuition assistance, as well as some minimal level of healthcare. These institutionalized subsidies allow for the broadest, fairest manner by which the government can assure all of the opportunity to participate, and recognize their constitutional rights (in an attempt to pursue happiness). Where the system has failed is through crony capitalism, which allows favored corporate and personal interests to benefit from the masses. They have accomplished this by rewarding incompetence (TBTF), with no recourse to those they have plundered. The simple solution is to recognize that the entities which have benefited most are in fact monopolies. The solution is the application of long established anti-trust laws. This of course would require the installation of representatives with the political will to actually manifest such honest goals.