Reduce the trade deficit; increase GDP & median wage.
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Cupid Dave, is your message regarding recession, minimum wage and our labor supply in response to my discussion of USA’s trade deficit? It’s a “stretch” to associate these factors with our trade deficit.
I don’t have any remedy that significantly could promise to mend our nation’s educational ills; more than any other facet of our federal and state governments, any significant educational improvement would be equally reflected with an economic upswing of the greatest extent.
Our nation has been unable to concur upon which tax loop holes to eliminate, which expenditures to reduce and the disposition of the resulting net budget savings.
Aside from libertarians, across all major segments of the political spectrum, the registered party members are not aligned with their party leadership with regard to pure free global trade. Across all party lines there is a general opinion that the great proportion of imported goods within our domestic markets is contrary to our best interests.
I am fully confident this Import Certificate proposal for USA’s global trade would certainly be of significant economic benefit to our nation. It requires no net expenditures and thus would not deny resources from any other programs to improve our nation.
Regarding your responding message’s reference to minimum wage, refer to “Consequences of repealing minimum wage rates” posted @ 4:53, April 4, 2012.
Within that post I advocated annually cost of living adjusting the federal minimum wage rate. I believe this would be economically beneficial to our wage and salary earners and particularly to the lower quarter of those income earners who are in the greatest need of relief.
Our nation has never experienced a significant and sustained economic improvement that did not commence or very soon include a significant increase of the median wage’s purchasing power.
Annual cost of living adjusted minimum wage will not provide an extremely significant economic benefit but it would of no direct cost within our federal budget. Similar to my grandmother’s chicken soup, it makes things better. Anyone that ate my grandmother’s soup for 100 years would be guaranteed a long life.