Fema Employment - If the Government would let the market set the minimum wage, would there be less outsourcing of jobs in US?

If the Government would let the market set the minimum wage, would there be less outsourcing of jobs in US?

Thanks for all the answers.

Public Comments

No, there would be a lot of poor people.
Yes, there would be slightly less. However, there are plenty of other regulations keeping US companies from being competitive. It'd be a good start though.
The jobs being outsourced are not minimum wage jobs. Ask an intelligent question please.
Corporations rule the US, they outsource to make more profits, we pay higher prices to make them more profits..etc.. Suggested reading, the Award Winning book "Death of Democracy: The Erosion of Freedom Doctrine of the Second American Revolution" by Jake Laughton Available on Amazon.com Target.com createspace.com
no, if the market set wages people would be in uproar over ever-changing wages, it wouldn't equal out and the economy would go into recession, worse than lately, there has to be some equilibrium and wages especially minimum need to stay minimum, otherwise there will be a lot of inflation and our us dollar will be worth even less.
No, they are being outsourced because people form unions and demand $30 an hour to turn a screw on an assembly line. Also, people tend to forget that they don't ACTUALLY want to work on assembly lines. Part of the reason jobs went overseas is that people didn't want to do them here.
no. Most of the jobs that are outsourced are higher paying jobs. Most minimum wage jobs are part of the service industry that can't be outsourced (IE fry cook, Wall Mart greeter, etc.) Jobs like computer programming and manufacturing that are typically outsourced are not minimum wage jobs. And for all you anti union people out there, would you rather be working 7 days a week from the time you turn 12? Those are the kinds of worker abuses that unions got rid of. Unions are the only power that the workers have. Without the right to unionize, every single american worker would be at the complete mercy of their employer, and the standard of living in this country would drop. Do you think employers should have the right to fire someone when they get sick? Do you think employees should be entitled to sick days and a 40 hour work week? Or do you believe all American workers should be wage slaves? You have unions to thank for all of these rules. I'll never understand why it's so easy to convince people to vote against their own self interest.
Of the world's 100 largest economic entities, 51 are now corporations and 49 are countries. compiled by Sarah Anderson and John Cavanagh of the of the Institute for Policy Studies in their Report on the Top 200 corporations released in December 2000 Rank Country / Corporation GDP / sales ($mil) 1 United States 8,708,870.00 2 Japan 4,395,083.00 3 Germany 2,081,202.00 4 France 1,410,262.00 5 United Kingdom 1,373,612.00 6 Italy 1,149,958.00 7 China 1,149,814.00 8 Brazil 760,345.00 9 Canada 612,049.00 10 Spain 562,245.00 11 Mexico 474,951.00 12 India 459,765.00 13 Korea, Rep. 406,940.00 14 Australia 389,691.00 15 Netherlands 384,766.00 16 Russian Federation 375,345.00 17 Argentina 281,942.00 18 Switzerland 260,299.00 19 Belgium 245,706.00 20 Sweden 226,388.00 21 Austria 208,949.00 22 Turkey 188,374.00 23 General Motors 176,558.00 24 Denmark 174,363.00 25 Wal-Mart 166,809.00 26 Exxon Mobil 163,881.00 27 Ford Motor 162,558.00 28 DaimlerChrysler 159,985.70 29 Poland 154,146.00 30 Norway 145,449.00 31 Indonesia 140,964.00 32 South Africa 131,127.00 33 Saudi Arabia 128,892.00 34 Finland 126,130.00 35 Greece 123,934.00 36 Thailand 123,887.00 37 Mitsui 118,555.20 38 Mitsubishi 117,765.60 39 Toyota Motor 115,670.90 40 General Electric 111,630.00 41 Itochu 109,068.90 42 Portugal 107,716.00 43 Royal Dutch/Shell 105,366.00 44 Venezuela 103,918.00 45 Iran, Islamic rep. 101,073.00 46 Israel 99,068.00 47 Sumitomo 95,701.60 48 Nippon Tel & Tel 93,591.70 49 Egypt, Arab Republic 92,413.00 50 Marubeni 91,807.40 51 Colombia 88,596.00 52 AXA 87,645.70 53 IBM 87,548.00 54 Singapore 84,945.00 55 Ireland 84,861.00 56 BP Amoco 83,556.00 57 Citigroup 82,005.00 58 Volkswagen 80,072.70 59 Nippon Life Insurance 78,515.10 60 Philippines 75,350.00 61 Siemens 75,337.00 62 Malaysia 74,634.00 63 Allianz 74,178.20 64 Hitachi 71,858.50 65 Chile 71,092.00 66 Matsushita Electric Ind. 65,555.60 67 Nissho Iwai 65,393.20 68 ING Group 62,492.40 69 AT&T 62,391.00 70 Philip Morris 61,751.00 71 Sony 60,052.70 72 Pakistan 59,880.00 73 Deutsche Bank 58,585.10 74 Boeing 57,993.00 75 Peru 57,318.00 76 Czech Republic 56,379.00 77 Dai-Ichi Mutual Life Ins. 55,104.70 78 Honda Motor 54,773.50 79 Assicurazioni Generali 53,723.20 80 Nissan Motor 53,679.90 81 New Zealand 53,622.00 82 E.On 52,227.70 83 Toshiba 51,634.90 84 Bank of America 51,392.00 85 Fiat 51,331.70 86 Nestle 49,694.10 87 SBC Communications 49,489.00 88 Credit Suisse 49,362.00 89 Hungary 48,355.00 90 Hewlett-Packard 48,253.00 91 Fujitsu 47,195.90 92 Algeria 47,015.00 93 Metro 46,663.60 94 Sumitomo Life Insur. 46,445.10 95 Bangladesh 45,779.00 96 Tokyo Electric Power 45,727.70 97 Kroger 45,351.60 98 Total Fina Elf 44,990.30 99 NEC 44,828.00 100 State Farm Insurance 44,637.20 US corporation always claim they are not competitve enough, but they are the largest ever? what more do they want?
Well hell republican lets just get slavery going again... You were in favor of slaves too!!!
If the market is the sole arbiter of wages, you immediately put American workers directly in competition with the cheapest workers on the planet. In effect we already have this to a significant degree. The inevitable result is wage slavery, and sometimes literal slavery. People tend to be ok with this, as long as the wage slavery (or actual slavery) is being forced on someone else. Much as Germans tended to be ok with Nazism, so long as it was somebody else being purged. Of course, at some point it will become apparent that the same people who came up with this brilliant economic strategy would just as soon enslave you as some anonymous Chinaman.
No. very few people in the US will work for less than the minimum wage in any case. It exists simply to set a floor to prevent exploitation of vulnerable workers. For proof--look at the kind of jobs that have been outsourced. Virtually all are either manufacturing jobs that always paid well above the minimum wage--enough that it is clearly not a factor--or tech jobs that fall into the same pay ranges or even higher. We HAVE NOT been outsourcing low skill jobs that could conceivably pay below the minimum wage in the US labor market.
Government already does let the market set the minimum wage. It's done by allowing millions upon millions of illegal aliens into the United States. The best guess is that there's 38,000,000 of them here. Anyone who thinks these illegal aliens don't suppress wages is insane. Meat packers used to make $20 a hour 30 YEARS AGO. They had great benefits. Today it's an $8 a hour job with few benefits and a work force that's almost all illegal alien.