Competition is driving down prices. Tariffs and minimum wage laws are just ways ...

		reedlaw on July 22, 2009 \| parent \| context \| favorite \| on: China and "our standard of living" Competition is driving down prices. Tariffs and minimum wage laws are just ways of redistributing wealth. If there were no tariffs or minimum wage laws, there would be more healthy competition which would raise the world's standard of living, not just local workers.

...or it would simply intensify the race to the bottom.