Your economic theory is collapsing...
Canadian factory workers are generally paid about 25 to 30 percent more than their American counterparts. This is why you can't drive across the border, change your US dollars to Canadian, and buy a cheap GM auto... GM autos cost a lot more in Canada...
But, in New Zealand, the NZ Dollar is worth about 30 or 40 cents. And, a NZ factory worker is paid on a matching scale as a US worker. If a US worker makes 20kUS, then a NZ worker would make 20kNZ.
NZ is a good place to go shopping!
I own two homes. One in Shanghai, the other in Washington, DC. The Shanghai home is smaller and not nearly as well built as my American home. However, it cost quite a bit more.
I have noticed that whenever, and wherever a factory owner puts up dorms, cafeterias, and pays lowered wages because of these "extra" benefits, the worker is always getting shafted. It was true when it was Blue Diamond Coal Company in Hardburly, Ky and it is true when it is Intel in Indonesia or the Japanese factories in China.
American workers are not overpaid. They just can't compete against workers who make 30 dollars a month and work 80 to 100 hours a week. This is going on all over the world. Take a tour of a Chinese factory. You will understand. Americans invented Television. No televisions are made in America. We invented hand held video recorders. None are made here. We invented Personal Computers. Few are made here. We invented disk drives. None are made here. We invented memory chips. None are made here. We invented microwave ovens. None are made here. Our clothes come from Pakistan and China. Our cars come from Japan and Korea. Even our Dell computers are now made in Shanghai. Everything Black and Decker makes comes from China.
Now, just how is it that the American worker supposed to compete? Minimum wage employees in the textiles industry are loosing their jobs by the hundreds of thousands. Entire towns in South Carolina are unemployed. These were the lowest paid workers in America, but they could not compete with virtual slaves in Pakistan and China.
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Your economic theory is collapsing... Canadian factory workers are generally paid about 25 to 30 percent more than their American counterparts. This is why you can't drive across the border, change your US dollars to Canadian, and buy a cheap GM auto... GM autos cost a lot more in Canada... But, in New Zealand, the NZ Dollar is worth about 30 or 40 cents. And, a NZ factory worker is paid on a matching scale as a US worker. If a US worker makes 20kUS, then a NZ worker would make 20kNZ. NZ is a good place to go shopping! I own two homes. One in Shanghai, the other in Washington, DC. The Shanghai home is smaller and not nearly as well built as my American home. However, it cost quite a bit more. I have noticed that whenever, and wherever a factory owner puts up dorms, cafeterias, and pays lowered wages because of these "extra" benefits, the worker is always getting shafted. It was true when it was Blue Diamond Coal Company in Hardburly, Ky and it is true when it is Intel in Indonesia or the Japanese factories in China. American workers are not overpaid. They just can't compete against workers who make 30 dollars a month and work 80 to 100 hours a week. This is going on all over the world. Take a tour of a Chinese factory. You will understand. Americans invented Television. No televisions are made in America. We invented hand held video recorders. None are made here. We invented Personal Computers. Few are made here. We invented disk drives. None are made here. We invented memory chips. None are made here. We invented microwave ovens. None are made here. Our clothes come from Pakistan and China. Our cars come from Japan and Korea. Even our Dell computers are now made in Shanghai. Everything Black and Decker makes comes from China. Now, just how is it that the American worker supposed to compete? Minimum wage employees in the textiles industry are loosing their jobs by the hundreds of thousands. Entire towns in South Carolina are unemployed. These were the lowest paid workers in America, but they could not compete with virtual slaves in Pakistan and China.