Bengal Wrote:
Dec 19, 2012 9:04 AM
Oh, brilliant one: What should the labor to make a pair of Nike shoes be? 50%? 90% 99%? How many people could afford a car if the cost of labor were 50%? Answer: Practically no one. Should we strive to make labor a bigger and bigger proportion of the cost of goods? That way, everyone who has a job will be well paid. Problem is, there won't BE any jobs. The reason manufacturing jobs are leaving the US is strictly because the unions want fewer jobs, and better paying jobs, is that they think you can create wealth through protectionism. You cannot. The vast majority of the union jobs in the US are not in manufacturing. They are in GOVERMENT...which produces no wealth, and consumes much of the wealth created by free enterprise.