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Originally Posted by ASU2003
So, would a global minimum wage be a good thing? I'm sure that inflation would go up, and the people with the money and power now would hate it...But what would happen if the hourly wage was set at $3 USD (or equivilent) around the world? Is that amount too high or too low?
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It'd be impossible to enforce unless the UN suddenly got a LOT of power and became the world government with actual authority.
Now, what we COULD do to prevent outsourcing is to sliding-tax the hell out of companies who import goods or services from cheaper countries. For instance if one widget costs $5 to make here, and $1 to make in Elbonia, then the tax on that one widget is $4. Make it so that outsourcing doesn't save any money, and suddenly it'll stop because there will be no point.