Relevant statement in the article and why Minimum Wage is not only unconstitonal but just plain stupid
Reich argues for the US minimum wage to be raised to $15 an hour. He is thus insisting that there should be no below $15 an hour jobs in the US at all. I disagree with him but that is indeed what he says. And yet electronics assembly currently has a US median wage of $14.38 an hour. Reich wants fewer, even no, jobs like this in America. So, Apple is doing exactly what Reich demands, that pattern of international trade is performing the precise task that Reich desires. Moving the low productivity jobs out of the US and leaving only the high productivity ones here to be done by those highly paid US workers.
Yet when that happens, when trade is doing exactly what he thinks should be happening, Reich then complains that there’s no low productivity assembly jobs in the US. What?
[–] brother_tempus 0 points 1 point 1 point (+1|-0) ago (edited ago)
Relevant statement in the article and why Minimum Wage is not only unconstitonal but just plain stupid