Kwazi
Newbie
Posts: 1
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« on: February 12, 2004, 12:08:39 AM » |
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Here's a thought.
I was talking with a friend of mine at school in History class.
I brought up the idea of a law mandating US companies to employ ALL of their employees (including out-of-country employees) at the US minimum wage. This would make most of the companies bring jobs back to the US.
"But," my friend replied, "won't the prices of goods go up as a result?"
So what's my response? ::laughs::
Well, it seems like we should be somewhere in between. With completely free trade we'll have a MAJOR loss of jobs in the US (as if it wasn't so bad already). And if we have protectionism and "fair" trade, other countries will be like "oh you want to be 'fair'? we'll be fair with you too." And Americans may lose jobs in other countries.
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