Coming U.S. Economic 9/11 Pt 4 of 7
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@lexiqueen2 It's not wages that make American products uncompetitive. Japan pays the highest wages in the world and has a trade surplus with China. Germany pays the 2nd highest wages in the world and has a trade surplus with China.
christo930 1 year ago
Why do Americans need to make $35 an hour?... Because of high price of mortgage and Rent.
Thats the reason why jobs are leaving the US..
If Rent and Mortgage were cheaper then a US worker could live on less..... thus making the American worker more competitive.
the cost of housing has always been a key factor in the US economy....
lexiqueen2 2 years ago