Quote:
Originally Posted by _Richard_
the nations poverty was the result of minimum wage increases, and not wholesale export of every major american industry to china?
who, btw, seems to be doing quite well..
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No Richard...the "War On Poverty" was started by the Johnson administration long before we ever did any business with China.
You are completely not understanding what I am saying and jumping off into another whole topic...which by the way the REASON that companies move jobs to China is because of stupid shit like raising the minimum wage over and over and over to keep up with "inflation"...which in turn is caused by higher costs of production (such as wages being raised)
If I own a company and can do business elsewhere and make more money...that is what I'm going to do. So would you.
My point, that you missed...is that the United States has spent TRILLIONS of dollars on the "War On Poverty" started by Pres. Johnson.
The result, after 50 years and all that money spent? More people are in poverty than ever before.
And my solution? Instead of the govt. (which is made up of a bunch of bureaucrats and career politicians without any real business background) making it harder for business to thrive...how about they do things that would cause a business to WANT to be here and WANT to hire Americans for good wages?
It's worked in several states here. When you give businesses tax breaks and ease up on fees and regulations...the local economy blooms (I saw it first hand in upstate South Carolina when BMW built a plant there in the late 1990's)
When you tax them hard, have unions demanding unrealistic wages and benefits, and have govt riding their ass? You end up with: Detroit.
My solution is to be more like the upstate of South Carolina and less like Detroit.
Having business grow and hire people will solve a lot of problems.
Forcing businesses to take on MORE expense (obamacare, taxes, unjustified higher wages) is only going to make things worse.