He ignores the fundamental problem- the American worker is overpaid. Why would anyone work at the wages of a Chinese laborer when you can make as much money as

He ignores the fundamental problem- the American worker is overpaid. Why would anyone work at the wages of a Chinese laborer when you can make as much money as a Foxconn production line worker ($1.25/hr x 60hr week) in about 10 hours per week at minimum wage here, about 6 hours per week at factory job? We need to find a way to avoid the sticky wage problem, and it will likely involve inflation.