Tuesday, January 23, 2007

Just One Thought On Webb's Rebuttal

Wages and salaries for our workers are at all-time lows as a percentage of national wealth, even though the productivity of American workers is the highest in the world. Medical costs have skyrocketed. College tuition rates are off the charts. Our manufacturing base is being dismantled and sent overseas. Good American jobs are being sent along with them.

Reason: The cost to employ Americans is "too high," and foreign labor is much cheaper.

And under the leadership of the new Democratic Congress, we are on our way to doing so. The House just passed a minimum wage increase, the first in ten years, and the Senate will soon follow. We've introduced a broad legislative package designed to regain the trust of the American people. We’ve established a tone of cooperation and consensus that extends beyond party lines. We’re working to get the right things done, for the right people and for the right reasons.

Remind me again exactly how is a minimum wage increase going to help Americans in the long run? Does no one else see that outsourcing might skyrocket?

See also:
Another Reason To NOT Raise Minimum Wage
If They Only Had A Brain