Tuesday, February 19, 2008

International Prevailing Wage.

A Simple Idea.

Basic problem
  • Jobs are going overseas
  • Workers overseas are not being paid at the same level as Americans.

Why not implement an international prevailing wage for all companies that choose to send work overseas. The overseas worker would be paid at the same level as an American. If companies are required to pay overseas workers at a rate comparable to current American wages it would level the playing field.

Examples of local implementation's of a prevailing wage.

Massachusetts
http://www.mass.gov/dos/pw/index.htm
Michigan
http://www.prevailingwage.org/
Ohio
http://www.com.ohio.gov/laws/

The details need to be hammered out! Is the concept any good? Is it protectionist?