You don’t jump wages 5X by government mandate, especially when a foreign nation (the US in this case) forces it on you. Maybe grow into 5X over 10 years. But the dislocations of 5X in a single shot will be staggering and impossible to predict. This is terrible policy...but it IS government at work.
ou don’t jump wages 5X by government mandate, especially when a foreign nation (the US in this case) forces it on you.
Agreed. The point is to keep our corporatists from shipping our jobs to Mexico. If they can’t pay dirt wages there, they’ll keep the jobs in the states that voted for Trump for exactly this reason - to protect and rebuild our manufacturing. Your libertarian philosophy is why the GOP (Romney , Mc Cain, Bush) couldn’t win these states. Trump won them by promising to make American manufacturing great again, and to stop shipping jobs to Mexico
It’s much simpler than that. I contend that a modern industrialized country like the U.S. has no business signing a “free trade” agreement with a corrupt, dysfunctional Third World dump like Mexico in the first place.