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Should we scrap the minimum wage so that our manufacturing industry can compete with China?

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Should we scrap the minimum wage so that our manufacturing industry can compete with China?

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Yes. The whole point of money is to store value. The government has implemented a fixed price floor (the minimum wage) in the labor market which has led to the development of several secondary markets (outsourcing, hiring undocumented workers, etc.) This always happens, it’s simple supply and demand. The problem is that when you buy a house, or a car, or a tv, the idea is that the work which you did to attain the money that you paid for it is equal to the amount of work that went into making the product which you are buying. Many Americans want to sit on an assembly line all day and then go and buy a car, a house, a computer, an iPhone, cable TV, etc. That is irrational and unsustainable; the work which you did is not equal to the work that you are receiving, Something’s got to give. People hate to hear this, because they’ve been indoctrinated with an unrealistic American dream. They’ve been told that you can go to work with nothing but a high school education and make enough to own a

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