It's not govt's JOB to protect the labor market!! That's the point! Would you please quote the article or amendment to the Constitution that gives the government the obligation of "protect[ing] the labor market"?
Economic [sic] are quite simple you just choose to ignore one of the most important inputs, labor. Labor is the engine by which consumers consume and governments finance themselves.
Labor is not an "engine". Labor is a commodity in a free market, just like any other commodity. Businesses will buy labor (pay wages) at the lowest available cost, all else being equal. The only way for labor to rightfully cost more (wages to be higher) is for that labor to be worth more (more skilled, better educated, etc.).
If the exact same quality of labor is available at a lower cost, then a business will buy it at a lower cost. This is no different than your own spending habits, I'm confident. If you buy something, do you look for the most expensive one, regardless of quality, so you can protect the job of the worker who made it? I'd bet $100 that you don't.
Pardon me, but your hypocrisy is showing.
Supply side econ is supposed to trickle in a way that creates new jobs. What is your spin on "trickle down" now that trickling only occurs toward corporate equity rather than growing the labor market?
I have no "spin" on "trickle-down", as you put it. Supply-side economics have been so thoroughly vindicated that it's only through your willing ignorance on the subject or disingenuous spite that you hold such a negative view of it. What is it about the "trickling...toward corporate equity" that you so hate? Shouldn't the owners of a company make money on their investment? It is eeeeeeeeevil when somebody buys stock and expects the value of that stock to increase?
Do you have an IRA or 401K? If so, you are one of those eeeeeevil "corporate equity" holders who are stomping on the poor, downtrodden workers. If you do, shame on you for wanting to make money. Shame on you for not giving all your money to a poor, displaced factory worker. Are you employed? Shame on you for not giving your job to an unemployed union steelworker!
Are you healthy? Shame on you for not being ill like others are! Do you know how to read? Shame on you for thinking you're better than the illiterate! Can you walk? Shame on you for taking advantage of paraplegics! You have a computer... Shame on you for supporting the corrupt, corporate monstrosities that rule the Internet and computer industry!
Finally, shame on you for your utter FAILURE in making sure every American citizen is exactly equal to you in every regard. Shame... Shame.
"Our government is doing little to protect our labor market"
The whole idea that government regulation could 'protect' jobs is absurd. In Europe, they 'protect jobs' by making it impossible to fire people ... all those 'protections' make the labor market stagnant and cause companies to do anything they can to avoid hiring in the first place. Result? Germany has 11% unemployment while we have 5% unemployment.
So much for 'protecting jobs'.
"but they seem to be fine with a free-flow of outbound foreign investment"
would you want USA to be like a tinpot dictatorship and forbid people from moving capital outside the country?
Dont you realize that it would stop US from being a global power to restrict that?!?
" and massive inbound illegal labor."
truly a govt failure that we should fix, but one that speaks to how HEALTHY our job market is, that we attract millions of people to get jobs.
Ummm...that's inbound foreign investment. You know, the damn foreigners are buying our country?