“Slap a tariff on them increasing the price as if they were paying their employees $15/hour and conforming with all the taxes and regulations that American businesses must deal with”
If regulation is a good idea here, then it must be a good idea everywhere else, right? So make offshore manufacturing centers pay as if they had to comply with environmental, labor laws as they exist in the US. Let’s add the new “transgendered bathroom” regulations that without a doubt are soon to become part of every employers regulatory obligation.
“If regulation is a good idea here, then it must be a good idea everywhere else, right?”
I did say I was joking.
But, U.S. companies do go offshore to escape onerous regulations and taxes. Is not one of the purposes of tariffs to offset this “unfair advantage” and level the playing field?
The real solution, of course, is to reduce the burden on U.S. businesses here and negate the need for off-shoring in the first place.
The next issue is to reduce/eliminate all the H1-B visas. Maybe we should make the process more like “The Hunger Games” and make them really work for it.