>>509663601Wage is just a portion of profits that is given to the producer of profits at the owner's discretion. You can clearly see that wages are too low if you look at the richest companies' CEOs compared to their poorest full-time workers.
We live in an economy comprised of soulless corpos who will use any means necessary to force people to work in the worst conditions they can create, and they will pay the least amount that they possibly can for it. Minimum wage, especially a federal minimum wage, is an imperfect solution. Yet, labor laws exist for a reason.
Make no mistake, the reason American corpos outsource their labor is because Americans have strong labor laws. Remove them, and you'll see American sweatshops exactly like they were in the 1800s.
The solution here is not simple. It is never simple. Everything is a balancing act. If workers in America have labor laws that are too strong, then you'll see bullshit like fisheries sending fish to China to be canned and then returned to America -- just because it's slightly cheaper than paying Americans (paradoxically, labor laws hurt American workers in such a case).
World politics is possibly the most complicated topic in the world. Exceptions are everywhere and almost every conceivable policy is a trade-off.