The ultimate celebration of capitalism over labor.
In January minimum wage in Washington goes above $9 an hour. Texas has a minimum wage of $7.25 which happens to be the federal minimum wage. Florida is $7.31. California is only $8.
Our brain trust in Washington DC decided that free trade was the answer which put us in competition with Mexico whose minimum wage is less than a dollar an hour and who is not even the lowest minimum wage of our competitors but they are the closest geographically.
Annual income in the 183 countries and regions in the world is approximately US $6,078, while China’s is only US $896. Just take the federal minimum wage and we are over $15,000 a year.
It is up to the American consumer, the Canadian consumer, the European consumer to buy the more expensive products from those countries with the higher standards of living if we want to work and pay those higher wages. You know the real story there. Whatever is cheapest sells, no other considerations.
So, please take your capitalism over labor argument to a real level and tell us how we put people to work. I personally would like to see everybody earn $100,000 a year but I cannot make sense of that when our biggest competition, China, makes less than a $1,000.
Why can't our unemployed workers find jobs and what realistically can we do about getting them work?