This is what Oregon Senator Jeff Merkley said on the Senate floor on the proposed TransPacific Partnership:
“We are creating a structure of a group of seven very poor nations with very low wages, five affluent nations with higher wages, and think about the difference between running an operation in Malaysia or Mexico, with a minimum wage of less than $2 an hour, and in Vietnam with a minimum wage of 60 to 70 cents depending on what part of the country you’re in. Think about the difference between that and the minimum wage in the United States. It is a 10-to-1 differential. . . .
“In order to have something that was fundamentally different, we would have to have something like snap-back tariffs. A situation where a country deeply violated its promises on labor standards, deeply violated its promises on environmental standards, but there would be some sort of…
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