If you watch the video on this page, it contains this fantastically absurd quote from Darrell Issa…
We compete with the rest of the world. If we are going to have people produce automobiles, they have to compete with the rest of the world.
His meaning is that the wages of workers should be driven as close to $0 as possible, while he and his billionaire friends get to keep all of the wealth that these workers create. Nike is a great example, where the CEO makes $7,000 and hour while the workers make $1 per hour. Apple is another great example, where the CEO makes $50,000 per hour and the workers make $2 per hour. No Nike shoes and no Apple phones are assembled in the U.S. – these could be jobs for U.S. workers, but Nike and Apple refuse to pay a fair wage. Instead, they use “supply and demand” and the forcing function of capitalism to impose starvation wages on less fortunate workers in foreign countries.
The fact is that there is no need for anyone to “compete” for wages, and then see their wages driven toward zero. In the new economic system described in this book, the one million people in a city can all have a great standard of living. Everyone can contribute, and everyone can participate in the abundance.