/——/ Strawman Argument. No one says we should compete which Socialists slave states except you/——-/ 100% pure unadulterated liberal pigshyt.Its pretty much the same over here. I will also add in zero hours contracts. A large section of society does not earn enough to save for a pension and this will have a huge impact in 20 years or so.These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?
Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.
Inequality is the big problem. Capital exploits the differences to drive down wages. Strike for better pay or conditions and we will move your job to India where they will work for half your pay. How to break the cycle is a big conundrum.
It's not a big conundrum.
All that needs to happen is to take away all the tax benefits of moving jobs out of America and impose huge penalties to move our jobs to low wage nations.
Impose huge penalties in the form of huge taxes on all companies that move our jobs to other nations. Make it very expensive to move our jobs out of our nation. The republicans enacted tax laws that reward companies for moving out of our nation in the reagan years when reagan was sending our jobs to Japan. When the House was in democratic hands in 2007 they passed a bill that removed tax benefits for moving our jobs to other nations. The republicans filibustered it when it got to the senate. republicans won't do one thing to penalize any company that moves our jobs to other nations.
When greedy CEOs and business owners see that it's more expensive to move our jobs out of the nation they will stop doing it.
Tariffs won't stop it. Giving corporations and business huge tax cuts won't stop it.
Imposing huge penalties will.
However, I thought trump and republicans have been declaring us at full employment with 3.7% unemployment. Why would anyone worry about jobs being sent off shore if we have such low unemployment?
By the way, the unemployment rate was 4.7% when Obama left office. trump has lowered the unemployment rate by 1% in nearly 2 years, yet republicans and conservatives believe he's responsible for such a low unemployment rate.
When any republican lowers the unemployment rate from 10% down to 4.7% I'll give them credit for it. Yet I've not seem any republican president do that in the last over 20 years.
The Capitalist Republican solution is to have Americans compete with China's wages.
Apparently we deserve less as a society.
Liberalism of the market means to loosen regulation.
The first Leftists were also Capitalists.
So, absolutely, it is Liberal, Leftist garbage to think we should settle for less, and compete with Chinese scab wages.