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Re:Wages Are Finally Rising, 10 Years After the Recession by andrekandre on Saturday May 04, 2019 @05:08PM (#19829399)
> Hence, the solution to low wages is to stop importing poor foreigners who undercut American wages. Couple that with the elimination of corporate taxes, and there will be no incentive for offshoring or inverting. Become the world's biggest tax haven, and incomes will skyrocket.

what happens when you cut taxes to zero and you can’t cut anymore? wouldn’t the effect be that they would STILL outsource to countries that have effectively zero tax rate AND lower wages?

> The laws of economics cannot be wished away...

laws of which humans have created and are hence entirely under the control of what we want to do with them... economics is not physics, and i would argue a race to the bottom is, in the end, what that type of thinking is unfortunately arguing for.

[edit] formatting, grammar

Re:Wages Are Finally Rising, 10 Years After the Recession by jlawson on Saturday May 04, 2019 @05:37PM (#19829539)
Lots of jobs can't really be moved offshore. Millions of these jobs are filled by illegal immigrants at illegally low wages. Farm workers. Domestic workers. Child care. Food service. Retail. Drivers. Massive portions of the labor force.

Current pro-illegal implicit policy is a subsidy to capital at the expense of both the illegals and displaced American workers.

Re:Wages Are Finally Rising, 10 Years After the Recession by andrekandre on Saturday May 04, 2019 @06:00PM (#19829654)
that is definitely true, though i would argue ai and robotization will take huge swaths of those industries out of people’s reach in the near future

it is also absolutely true also that pro-illegal immigration only helps the business interests, but my original point was, that just blocking immigration (legal or otherwise) won’t necessarily solve everything because corporations have many options at their disposal

Re:Wages Are Finally Rising, 10 Years After the Recession by burfog on Saturday May 04, 2019 @07:13PM (#19829966)
If they still outsource, tariffs will stop it.

It's only been about a century that we've had an income tax. Prior to that, we funded the federal government on tariffs. It built the nation. People who buy local goods are unaffected. People wealthy enough to insist on exotic foreign things must pay the tariffs and thus fund our government.

Re:Wages Are Finally Rising, 10 Years After the Recession by andrekandre on Saturday May 04, 2019 @10:06PM (#19830659)
thats definitely true as well... it would be interesting to see what the effects of having, say, only tariffs would do the economy and trade.

im not sure you were making this point or not, but in any case, my personal opinion is that without an income tax for at least the super wealthy we would end up with the problems we had at the end of the 18th century: robber barons and mass civil unrest.

i guess the answer to alot of these issues is very nuanced, but yes, i think tariffs are an interesting angle for sure

Re:Wages Are Finally Rising, 10 Years After the Recession by burfog on Sunday May 05, 2019 @11:04AM (#19833150)
We got the robber barons because we hadn't learned to break up monopolies and because transportation was poor.

We may be headed back in that direction. We keep adding required functionality to cars, driving up the cost. We keep allowing mergers of phone, oil, and airline companies.

I don't think income tax plays a part. The super wealthy don't pay it. Many of them take a token salary, often just $1. It's control of a key business that matters anyway, not the wealth of an individual. Somebody could live in their open-plan office, sleeping under a desk, and still have a major impact on our lives.