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Reply #: Jobs that go overseas are generally not MW jobs [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-11-05 04:42 PM
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Jobs that go overseas are generally not MW jobs
Edited on Fri Feb-11-05 04:43 PM by Warpy
and increasing the minimum wage always increases employment as it puts more money into circulation to buy goods and services, thus increasing demand.

Supply side economics hasn't worked because the money pump goes from the bottom up, not the top down.

Until and unless this government wants to take on the corporations that ship whole industries, even strategic industries, overseas while keeping the US as the primary and sometimes only market, offshoring will continue to pick up speed, as bean counters look for every nickel to pad the bottom line.

What they're not counting on is a tipping point where the US as a market simply collapses. We know this system is totally unsustainable. The only question is when the collapse will be.

Raising the minimum wage will have little effect on offhosring. The only thing it will do is delay the inevitable collapse of a topheavy system.
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