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Ted Cruz: “Companies like Japan and Germany already pay wages that are…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Ted Cruz Leads Senate Commerce Committee In Executive Session To Consider Pending Business

Published | Video Starts at 41:05

I would note Senator Moreno's points were, I think, very well taken about the additional foreign direct investment, particularly in the auto industry. Senator Markey is attacking the wages paid by foreign direct investment without noting that Companies like Japan and Germany already pay wages that are at least 7% above domestic averages. I'll also point out that Section 4e of this bill already requires the review's recommendations to, quote, maintain or strengthen the labor protections of the United States. (41:05–41:13)

CLAIM

Asserts that Japanese and German companies pay wages at least 7% above U.S. domestic averages.

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