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.
It is also not the governments job to expose it's population to predatory economics from other countries, yet they do. It was originally was not the governments job to tax it's subjects into the stone age, yet they do now.
Labor is what most consumers do to earn an income so they can buy things and put money into various investments, they don't shake money trees. Labor is also what companies use to produce goods and services.
If the exact same quality of labor is available at a lower cost, then a business will buy it at a lower cost.
NS, now who makes the labor available at a lower cost and why? So our government can ignore the factors that make Americans uncompetitive while exposing the US to global competition? I'm all for "freeing" of markets but the gov can't free markets while leaving all the legacy US market conditions in place. They also have to recognize predatory practices by other governments that make competition impossible.
We need a more holistic view of "free trade" that incorporates changes in domestic policy in a way that is compatible with a global marketplace. Right now it's just a corporate giveaway designed to build equity for those who have money to invest. If mom and pop can't get in the global game with the big boys we should consider that a big problem.
I do have a sizable 401k and I shop at Walmart all day long. The market as it stands leaves me no choice but to take advantage of the efficiencies as they exist. The poor bastards coming out of college will unfortunately have to deal with a "global market" without the years of career building I'm lucky to have.
You cannot separate people from their labor and people should not be treated as commodity. The system that treats working people as commodity is evil.