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Message: <blockquote data-quote="JBlood" data-source="post: 357777" data-attributes="member: 16">Yes, competition is good.  But if the prevailing wage is $15/hr, who is going to pay more and still stay competitive?  And if "free trade" means that the prevailing wage drops to $5/hr, what recourse does the average worker have but to accept it, assuming the idea of collective bargaining is tossed aside? The prevailing wage scale limits mobility of workers between jobs.  I suppose if there are no jobs, you could say that everyone has the right to become a doctor, lawyer or financier and still do fine.  Is that reasonable? The point I'm trying to make is that the aim of any successful economy is to provide for the common man.  If that isn't accomplished, the economy will crumble.  Just before the economic collapse in 2008 Steve Forbes claimed that the world's economy was healthy due in large part to the number of new billionaires that had appeared.  He was wrong, but Forbes still likes to talk about all the new billionaires that have been made during the world collapse, while country after country are on the brink of credit default--including the United States.  Market supplies require market demand to balance them.  A few billionaires can not possibly buy everything that a consumer economy needs to produce to stay healthy.</blockquote>

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