Senator Kennedy, Past studies have been conducted by the International Trade Administration and the Department of Commerce and have concluded that U.S. affiliates of foreign companies tend to pay higher wages than other U.S. companies. These studies found that, on average, U.S. subsidiaries of foreign companies pay 25% higher wages and salaries. You were mentioning the 7% of those establishment. But the newest of these studies appears to be almost 10 years old. So I find my colleagues efforts to update the assessment of this as part of this legislation. (42:13–42:25)
CLAIM
Asserts that U.S. subsidiaries of foreign companies pay 25% higher wages than domestic companies.
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