U.S. Jobless Rate Climbs to 8.9 Percent

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TheRealMafoo said:

Yea, I am not a Republican, I am a Libertarian. :)

As for the “business like cheaper labor”, we have minimum wage laws in this country, because as a nation, we feel peoples time is worth at least a minimum amount of tradable value. To hire someone below that mark is to value human time lower then this country feels is just. If you can’t run a business valuing your employees, then I am all for it going out of business.

In reality, what will happen is the price of good would go up and people will get paid a better wage. The best solution all around.

Your “business like cheaper labor” argument is why businesses do it, not a good argument for why Government allows it.

 

Sure we do, but as I said if corporations can't get their cheap labor in US soil, they'll get it somewhere else. At least if the corporation is manufacturing in US soil, some side economic benefits stay home.

By the way, if the price of good goes up nobody gets paid a better wage - customers just buy the same good made by someone else with lower costs and thus lower prices.