Comments on: Rebuilding America’s high-wage economy http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: AlkalineState http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74537 Mon, 05 Aug 2013 21:30:14 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74537 Tariffs. Bring them back. America was built on a 30% import tariff. In the past 30 years, it has slipped to 1%. That experiment has clearly failed. Other countries (including China) are still charging us 20-30% for entry into their markets. This arrangement of turning America into a country of just-customers rather than producers, benefits ONLY the multi-national companies who aim to sell here.

America has the richest, most advanced market in the world. We should be charging for access to it. This generates direct national revenue (as provided for in the Constitution) and it incentivizes domestic production of goods.

Tariffs. 20%. Re-start today.

]]>
By: MartinGale http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74507 Sat, 03 Aug 2013 18:38:06 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74507 Dear Mr. Kuttner,

The high wage economy which you long for was destroyed by the first mass immigration law of 1965 authored by your hero, Ted Kennedy. This law and it’s many children, most conspicuously the immigration amnesty of 1986, began the process of importing basically unlimited numbers of low skill, uneducated workers. This 50 year immigration policy destroyed the labor movement by guaranteeing a surplus of low wage workers and set the US on a course of ever increasing income inequality. Now the “Gang of 8″ immigration bill seeks to double down on the destruction of the working class by doubling the rate of low skill immigration. If anything like the present bill is enacted, wages for the bottom half of the income distribution will decline by about 8% or so, resulting in a transfer of 300 billion in income from the 99% to the 1%. This immigration bill is the policy equivalent of FDR importing 46 million Tom Joads at the depths of the Great Depression. Apparently, this immigration bill is a joke you libs will never get, as it defeats every other policy goal, especially reduced income inequality, that you espouse. Oh right, I forgot, after you finish destroying the working class through mass immigration, you’ll make it all better by advocating for a higher minimum wage. So sad and pathetic.

]]>
By: TPAINE3 http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74505 Sat, 03 Aug 2013 10:34:53 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74505 Yeah, that’s it – more socialism.
You’d think after five years of Obama’s “crony socialism” with the result of the most Americans EVER unemployed, in poverty, on food stamps, record bankruptcies,and a doubling of our national debt, Democrats would admit TOTAL failure, but no, they call for more of the same.

]]>
By: gliderpilot http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74504 Sat, 03 Aug 2013 10:22:45 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74504 Seems like America will first have to rebuild the 40 hour work week. Which means repeal Obamacare.

]]>
By: jjsulzbach http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74503 Sat, 03 Aug 2013 09:25:23 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74503 This entire article was written without any attention paid to labor costs and the decisions businesses must make to hire full-time workers at decent salaries based upon the essential comparison entrepreneurs must make of the potential productivity of workers as compared against the cost of employing them.

This author seems to argue that wages are decided by someone other than entrepreneurs and he instead discusses and bemoans the current state of labor unions and government regulators, the latter of whom he ludicrously suggests have reduced influence in our economy today, before moving on to a call for higher taxes.

Chalk this one up to a propaganda piece written for the exclusive purpose of turning the attention of Americans away from the growth in part-time employment in our country due to Obamacare’s employer mandates. It really has no other purpose.

]]>
By: johnwerneken http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74502 Sat, 03 Aug 2013 08:43:14 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74502 Sure. All we need do is bomb the hell out of Europe and East Asia and subject everyone else to some colonial empire. Might take a hundred million dead people but that’s a low price to pay for our precious social contract!

Then we can have monopolistic companies and thug-run unions, stay-at-home moms, in the closet gays, in the back of the bus Blacks, and in the fields Hispanics, as God clearly intended!

Those not white males need not apply at all, and the Catholics and Jews will only be tolerated if they don’t try to live on the better streets or join the better clubs.

Maybe we can even find some Mafia-connected, drug using, bimbo-chasing, arrogant and ignorant family like the Kennedys to nearly get everyone on Earth barbequed.

As for me, I like Wal-Mart, Amazon, and Google. Even more, I like being able to go to bed reasonably sure I will not wake up to nuclear war. And even more than that, I rejoice in how in my own lifetime most of the world has become fairly free fairly healthy and fairly prosperous, for the first time in human history.

I kind of like what the United States has done for its peoples, and for our world!

]]>
By: blayblayblay http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74500 Sat, 03 Aug 2013 07:49:35 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74500 Post-war prosperity existed briefly because the U.S. accounted for half of the global industrial output. Such conditions will never exist again. Marxist-Leninist proposals like those suggested in this article are a recipe for failure, just take a look at Spain/Greece/Italy or other failed European states. No, working at fast food restaurants will not lead to a six-figure salary, and if it did, eating at McDonald’s would cost as much as a top-level restaurant, thus pricing the poor out of the market. And it’s astounding that anyone would argue for trade restrictions given their proven failure at achieving anything. Just take a look at the Smoot-Hawley tariff that helped accelerate the Great Depression

]]>
By: MauiSunset http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74497 Sat, 03 Aug 2013 05:38:15 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74497 Government can’t create private industry jobs – only destroy them.

Government can create government jobs but every one of those jobs kills a private industry job.

Once we realize that we can kick government out of the job creating business.

That’s the job of the private sector…..

]]>
By: rgriffin50ish http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74496 Sat, 03 Aug 2013 05:35:31 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74496 The author starts from the laughably ridiculous premise that America had more regulation 50 years ago. You could count the pages of the Code of Federal Regulations or review the studies showing the explosion in licensing requirements and credential requirements at the state and local level. You can’t even do nails in many cities now without a license. Apparently he thinks someone back then “enforced wage and hours laws” and they aren’t doing that now. He seems to equate larger union membership with “regulation” even though unions (at least those in the industry) are non-governmental entities.

Since he starts from an invalid premise, it shouldn’t be surprising that he reaches the exact wrong solution by calling for more regulation. He’s like a medieval doctor with a wounded man in front of him who concludes, “we need to bleed him.” Its over-regulation, particularly for single proprieter, small business and start-ups that is killing the economy. The large companies can hire lawyers to sort through the red tape. The small companies just get in trouble and quietly disappear.

]]>
By: rilfeld http://blogs.reuters.com/great-debate/2013/07/31/rebuilding-americas-high-wage-economy/#comment-74492 Sat, 03 Aug 2013 02:28:31 +0000 http://blogs.reuters.com/great-debate/?p=22913#comment-74492 quite silly — a dialectic in search of matching facts and finding only failure. Folks can produce higher wages by producing something of value. They can become more valuable as capital is employed to make them more productive. Lattes & big Macs are a one-at-a-time proposition, whilst the industries you claimed were heavily regulated actually consistantly increased productivity, thus wages. Progressive policies that constrain capital, or plunder it, or misallocate it destroy the basis of production and high wages.

]]>