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Betsy McCaughey - Smart Lady
This is the same article already posted. Hope the URL works this time.
http://tinyurl.com/y7g4fcy4 On the other hand, Trump is getting tough on low wages where they hurt American workers the most -- in foreign countries. Trump's revised trade agreement with Mexico stipulates that more than 40 percent of auto manufacturing work must be done by workers who earn $16 an hour. Former U.S. presidents bought into the notion that outsourcing production to poor countries promotes global prosperity and equality. True, but low foreign wages undercut American workers. No more. |
#2
posted to rec.boats
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Betsy McCaughey - Smart Lady
On Thu, 11 Oct 2018 19:30:28 -0400, John H.
wrote: This is the same article already posted. Hope the URL works this time. http://tinyurl.com/y7g4fcy4 On the other hand, Trump is getting tough on low wages where they hurt American workers the most -- in foreign countries. Trump's revised trade agreement with Mexico stipulates that more than 40 percent of auto manufacturing work must be done by workers who earn $16 an hour. Former U.S. presidents bought into the notion that outsourcing production to poor countries promotes global prosperity and equality. True, but low foreign wages undercut American workers. No more. This was the part that amused me Amazon and its subsidiary, Whole Foods ... buckled and announced a minimum $15 an hour wage for all workers. But Amazon employees lose. Amazon canceled performance bonuses and stock awards for hourly workers to offset the minimum wage hike. That replaces a culture where employees who work hard can share in the company's success with an adversarial situation pitting labor against owners. They changed a very successful capitalist "work had and make more money" with the union concept that everyone will make the same, no matter how hard they work. These communist/socialist thinking people still have trouble understanding there is a finite amount of money in the salary plan and when you load more into the bottom, it comes off the top. People who are good enough to earn more money will take their skills to a place who can pay them for those skills. |
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