[Will88]

That means a $15 an hour American (market rat $15, not union) produces more than 15 $1 per hour Malaysians. Businesses and industry would flood back into this country and employment would soar causing rising wages.?

Not if the American factory, equipment and knowhow is moved to Malaysia where the $1.00 per hour workers can be hired and trained, and then the product shipped to the US tariff free.

[arthurus]

There is no not if to it. It happens that way whenever the US government lightens up a bit. Read Henry Hazlitt Economics in One Lesson It is out of copyright and at several locations on the net for reading on screen or downloading or you can buy it on Amazon or at numerous conservative sites. It doesn't teach Economics but how to think economically. If one reads it and understands the fairly common language then when one hears what sounds like a good idea to make a system to get richer or a scheme whereby the government is going to improve the situation for a group or the whole population one instantly runs through a chain of reasoning that tells him who will be hurt and how the whole economy will suffer for it. If one would understand Economics through and through then Von Mises, Friedman, Adam Smith, Bastiat, etc. But for just conditioning oneself to not be snowed by a politician it is Hazlitt. I made my four progeny read it once in jr hi school and again in high school. I have no socialist or progressive children nor will there be any such grandchildren. It is a fairly short book and the "one lesson" is the first chapter. The ensuing chapters are examples.