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I think the bigger problem is how does America compete with $1.50/hr wages for skilled workers? If we could, the companies would pay for any necessary training
by swamp40 11y ago
I think the bigger problem is how does America compete with $1.50/hr wages for skilled workers?
If we could, the companies would pay for any necessary training. It doesn't cost much in the long run.
But of course we can't compete with that.
And it's not changing any time soon, with the yuan pegged to the dollar, and the existing trade agreements.
That's why Steve Jobs told President Obama "Those jobs aren't coming back".
- whistlerbrk 11y agoI haven't the faintest idea why you're being downvoted when you're the only one who actually hit the real issue directly. Free trade isn't free. We can not possibly compete fairly with countries who employ indentured servants or slaves compared to our working condition expectations and wages. Nor should we. We need fair trade if we want to keep manufacturing in the country. Further, I'd say it needs to be sustainable if we're going to ever correctly price in the true cost of a product into the retail price. That by definition includes the cradle-to-grave life cycle of a product and all of its constituent parts and raw ingredients.
- csense 11y ago> how does America compete with $1.50/hr wages for skilled workers? Simple, figure out a way to approximate how much more it would cost if they paid the overseas workers US level wages, then tax it to make it actually cost that much more to US consumers.