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When labor is scarce, wages rise to encourage a larger labor pool. For a long time, companies have taken the easy way out by offshoring jobs to cheap labor countries to maximize profits. Forcing them to chose to compete on merit with companies trying to startup here, will allow for more startups. You can't compete with a company already established, offshored to a cheap labor market. How do you start from scratch against it?This sounds like a "living wage" argument