"the poor dumb people are incapable of making financial decisions for themselves."
you have SERIOUS problems reading. The poor, dumb people.have almost no power to decide anything in the employment marketplace. It's a buyers market. So they have to take whatever they can find, sell themselves cheap, and the rich, smart people running companies will buy their labor for peanuts, aka, US minimum wage, and if there were no minimum wage, the corps would pay even lower.
If all corps pay over the minimum wage, why the do the Repubs absolutely refuse to raise it?
Wal-mart avg salary is $17K, and that includes all the layers of much higher paid mgmt.
"How many businesses that over their customers with defective products are going to last long in the US?"
no long, BECAUSE the federal trade/consumer protection regulatory structure has succeeded in protecting the consumer, employess from the immoral, rapacious corps and fostering compe ion, NONE of which would exist without federal regulation.