And the REASON Americans could not afford to live on three dollars an hour is TAXES, GOVERNMENT SPENDING, and GOVERNMENT INTERFERENCE IN THE ECONOMY including MINIMUM WAGE. The last 100 years has clearly demonstrated that inflation rises in direct proportion to the rise of government taxes, spending, and regulatory interference in the economy.
Reagan was absolutely right but how soon they forget: Government is not the solution, government is the problem. Government creates POVERTY and LACK. The market economy free of government interference creates WEALTH and ECONOMIC GROWTH.
By rhetoric, Reagan was for free trade. In the implementation of policies, he was strictly protectionists. That is why he was so successful.
Can you get it through your head? It is LABOR COSTS that is the reason we are losing our industry.
That why slavery was so much in demand for the previous thousands of years of human history.