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To: Skeeter Bug who wrote (258368)	7/3/2010 2:54:00 PM
From: grusum	Read Replies (2) \| Respond to 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. ----------------- 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)

To: Skeeter Bug who wrote (258368)	7/3/2010 3:05:30 PM
From: arun gera	Read Replies (1) \| Respond to of 306849

>we need high tariffs on any country that engages in slave labor and drives down the wages of americans.> There is more slave labor in US farms,restaurants, and slaughter houses than in third world industries supplying goods and services for export to the developed world. A person working in an Indian Call center or Honda factory in China is middle class in their country with opportunity to quit the job on a day's notice to move to a competitor, a right that he or she uses all the time. The wage differentials is primarily driven by the persistent faith in United States and its currency, due to its legacy position as a world power. This allows US to keep printing more and more money (debt), that are accepted by the rest of the world. This may actually be good to the world economy as exporting countries have enough "world currency" reserves to trade with each other, building more trusting and larger trade relationships. For example, China has dollar foreign reserves, so Brazil builds huge mines to send China natural resources. Otherwise, these trade flows may not have happened, as two decades ago either country was a credit risk. -Arun