Jim, if you wish to think $0.10 cent an hour wages in the U.S. is the road to a great future, go ahead. I don’t share your view.
I’m not a big fan of the minimum wage. I just don’t think you get where you want to go realistically by addressing that. I wouldn’t even bring it up here. Silly.
As for regulations? Sure
As for unions, I’d need to see what you have in mind. I don’t think you can arbitrarily do away with unions. The membership of most of them want the union. If you think the teachers are going to revolt and kick out the union, I think you’re kidding yourself.
Corporate tax rates need to fall. I agree there. Not only will it contribute to jobs coming back, but it will help to repatriate dollars to the U.S.
Corporations are not faultless in all this. That’s as absurd as saying it’s all their fault. I don’t have any sympathy for a corporation moving everything overseas. None!
People aren’t the only ones that can commit treason. Loral giving space technology to China was such an act IMO.
Tariffs do attack the wages end of it.
Denying that tells me you’re not serious about looking at all issues.
You want to blame this all on the government. While I do think it contributed, the corporations are not faultless.
They gladly gave away patent and technical information to a potential strategic enemy of the United States.
All U.S. tariffs do is artificially raise prices to the American consumer forcing a lower standard of living which government is very good at doing.
Basic econ 201 teaches the three factors of production; land (you own or rent the plant or office), labor, and capital. When the damn Gov dictated $10 and hour and then some states $15 an hour, each increase cuts into the basic econ formula MRP=MRC. I have a major in both Bus and Econ. One can talk about 10 cent an hour but that is BS as the Chinese are buying all kinds of products. They now do what this country did since day one while the progressives have regressed us into socialism and even communism. We have people doing zip living better then many workers.