What would happen if the change were rapid and strong would be a lot of businesses closing, as Americans aren't going to take those jobs, and many of them are not easy/cheap to automate. So a lot of things would close and we'd purchase the goods/services from abroad. Or, in some cases, pay a lot more for things.
...at those wages. The whole point is that if your business can't survive by paying wages that american citizens will accept then you should welcome the creative destruction of capitalism. Your business shouldn't exist and more importantly you should get out of the way so that a business which can exist and pay wages that american citizens will accept can take your place. No more race to the bottom.
>Or, in some cases, pay a lot more for things.
I realize that, I'm just not opposed to it.
EDIT:
>and many of them are not easy/cheap to automate.
Many of them aren't easy to outsource either. An illegal worker in the United States is much more expensive than a child in Thailand. There's a reason those jobs still exist here.
