Gephardt's Revolution Begins With a Global Minimum Wage
http://www.latimes.com/news/politics/la-na-outlook12jan12,1,2949307.column?coll=la-headlines-politics<snip>...The idea is simple. Gephardt says that as a condition of membership in the World Trade Organization, every nation should be required to adopt a minimum wage. The level would vary from country to country, depending on productivity and the level of development. But everywhere, he says, workers should be guaranteed a wage high enough "to allow someone to live like a human being."
The International Labor Organization estimates that at least 85 countries have a minimum wage on the books. But in many places, it is honored more in the breach. Gephardt, who has always valued the practical over the prophetic, is preaching a revolution: the idea that any country seeking to participate in the global economy should be required to pursue a decent level of existence for its workers.<snip>
A better alternative, Sachs argues, would be to increase foreign aid to improve health and education — thus generating the productivity that could eventually justify higher wages — while reducing tariffs and quotas that inhibit poor countries from selling agricultural or light manufacturing products like textiles to the U.S.
But Gephardt, correctly, doesn't see such an agenda as incompatible with his own. As president, he says, "I would go to the WTO meeting myself" and present developing countries a grand bargain: more foreign aid and lower tariffs in return for a commitment to lift wages. "You've got to cut a deal," he says, the diplomat as legislator.<snip>