Another benefit, wages and living standards would rise, since there would be increased competition for workers. Increased wages likely would drive better educa

Another benefit, wages and living standards would rise, since there would be increased competition for workers. Increased wages likely would drive better education and training, leading to a German-style skilled workforce. In turn, a skilled workforce is much less likely to be arbitrarily fired, look at German unemployment during the slowdown of the last two years. For an analysis on one reason why the US is in such a mess, take a look at this article by Citi: http://www.scribd.com/doc/6674234/Citigroup-Oct-16-2005-Plutonomy-Report-Part-1 http://www.scribd.com/doc/6674234/Citigroup-Oct-16-2005-Plut...