3 ms·
Yes that’s true. I’m not making the argument that “wages have no bottom”. As another poster has noted, the wage paid in this case is above the local minimum. Bu
by bobjordan 3y ago
Yes that’s true. I’m not making the argument that “wages have no bottom”. As another poster has noted, the wage paid in this case is above the local minimum. But as the US participates in global trade, solutions that are extremely uncompetitive like those that rely on relatively higher costs of US unskilled labor, are bound to not be chosen. Forcing the decision makers to use sub-optimal higher cost solutions ultimately makes them uncompetitive and increases the risk of failure. I haven’t seen any logic to justify that.