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View Diary: The $70-Per-Hour Lie (353 comments)

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  •  competitiveness (1+ / 0-)
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    radmanpa

    If company A makes cars paying workers $70/hr, but company B makes equivalent cars paying workers $50/hr, after a while company A will disappear.  Like it not, that's how free markets operate, and in the long, long run markets will balance the books even in the face of subsidies, tarrifs, etc.

    Btw, Joe the plumber grossed about $20/hr as far as I can estimate.  ($40K/year, working 2000 hrs per year)

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