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[QUOTE=Bronko;628940]Please re-read the second paragraph of your post, I beg you.
If we up/inflate wages, business lose money and the only alternatives to going out of business are to layoffs or "exporting jobs." Once those products are made overseas we need to get them back into the country..... so we import them! (tariff free) because we need them!
QUOTE]
Now I'm hardly an economist and please correct me if i'm wrong but...
If businesses rase wages, they will raise prices, but they dont have to ship jobs overseas if government protections are in place. A depression not withstanding, prices will go up anyway, its just a question of how much. The market and the elasticity of demand usually decides that.
But if we impose tariffs, we increase government revenue, pay down debt and domestic producers will fill the vacuum (ie made in America, remember that!) created by imports.
Keep in mind, the unregulated healthcare system screws businesses far more than incremental wage increases (most hardworkers get raises anyway, regardless of government wage mandates). Healthcare cost are out of control not wage increases. The burden is heaviest on employers. Health care cost chased american automakers across the Detroit River to Ontario precisely because government foots the bill and they ship the cars to US dealers practically duty free.
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