Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: econjack

You can’t “fix” the wage disparity between the first world and the third world, well unless you impoverish the first world. Then there wouldn’t be a first world. Just elites and prols. A Communists dream. Right Komrade?


10 posted on 12/16/2016 9:08:53 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 7 | View Replies ]


To: central_va

You’ll never “fix” wage disparities, period — unless you impose wage controls in every industry right here in the U.S. Does that sound like something any free country should even consider?


14 posted on 12/16/2016 9:11:10 AM PST by Alberta's Child ("Yo, bartender -- Jobu needs a refill!")
[ Post Reply | Private Reply | To 10 | View Replies ]

To: central_va
You're assuming that wages determines the final price. In the US, about 2/3's of the total cost of production is due to labor costs. True, that faction is much lower in many foreign countries, but the more true measure is the capital stock to output ratio. Third World countries are implementing the latest technology in their production processes while we continue to use plants built in the 1890's. We need to allow business to modernize to improve that capital stock ratio. If they produce X units using $4/hr labor, but we produce 6X using $20/hr labor, we still win the war.

You can fix the problem...you just can't do it with protective trade policies. They only mask the problem. In the US, it calls for tax policies to fix it.

18 posted on 12/16/2016 9:24:08 AM PST by econjack
[ Post Reply | Private Reply | To 10 | View Replies ]

To: central_va

It is the Globalist’s dream to destroy the first world into the one New World Order a la the Bushes and the Cruzes et. al. .


47 posted on 12/16/2016 10:59:51 AM PST by amihow
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson