We also pay for the offshoring “savings” through higher govt costs, higher taxes and higher national debt.
I fail to see how any of these couldn’t be reduced by reducing the size of government.
Money, as a market force is fluid. It will always flow to the lowest point, there being no other artificial obstacles, such as regulation, or artificially high labor prices.
We need a government that recognizes that we must become the attractive setting for business that we once were before Roosevelt and the progressives started pulling us down the road to socialism.
The only ‘good’ reason for a minimum wage is IF a nation has a manipulated economy and a manipulated immigration system.
In that case, wages are not adjusting to their real level. As many have said, illegal immigration UNDERCUTS the wage of workers at the lower end.
The manipulation of the economy through trade deals that send jobs overseas so companies can benefit from 50 cent an hour labor ALSO manipulates what a real wage would be.
Reagan heavily tariffed motorcycles, not because Harley Davidson needed protection, but because foreign companies were dumping their products here and able to do so because of manipulated currencies and wages. When it became more of a balanced market, Harley Davidson was able to compete and reestablish itself.
The best market is a truly free market and not these ‘fake free markets’ that our liberal/socialist government has allowed as part of their concession to fascist-like elitist coordination with crony corporations.