U.S. Jobless Rate Climbs to 8.9 Percent

[halogamer1989]

Bitmap Frogs said:

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.

Nevermind me cutting in here but....Exactly.  Competition is the engine that drives capitalism.  Whether or not a company will fail or succeed all depends on the willingness of the consumer to have demand.  If demand is not met the you cut back.  Unfortunately, in an increasingly globalized society we are seeing the exponential effects of outsourcing.  This is in no way stalled by our capital gains taxes and 35% federal corporate tax.  We should never tax success.  If a company wants to offshore to say Ireland where the rate is 13% they have a right to.  And don't get me started on the Obama admin taxing offshore accounts as it will only hike prices on the end-users the admin wants to help...