LogFAQs > #708193

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...
red sox 777
01/26/12 6:20:00 PM
#65:


If you were to raise the minimum wage in China, it would have to be paid for somehow. In the immediate term, this would mean massive unemployment for the marginal Chinese workers.

It'll be paid for by unemployment in China and higher prices for goods here. Not lower wages here, in the short or long run.

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