LogFAQs > #708180

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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TopicHypothetical: if Ron Paul DID become president...
SmartMuffin
01/25/12 9:59:00 PM
#52:


Look guys, this is really simple. Free markets always tend towards equilibrium. Barring some sort of natural superiority of the American worker, the fact that Chinese laborers are paid much less than American laborers is a direct reflection of governmental tampering in the labor markets.

At equilibrium, obviously the wages of the Chinese and Indians and Africans would rise, and the wages of Americans, Canadians, and Swedes would fall. Same thing with standard of living. To argue that China should treat their workers better is to implicitly argue that America should treat its workers worse. That's just the way it goes.

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