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Suggested International Minimum Wage: $2.00 per hour
How it would work:
Any product imported into the United States of America would have to be certified to be produced by workers paid a minimum of the International Minimum Wage. All parts and materials that go into the product must also be produced by such workers.
Results:
An improvement in the working conditions and pay of most of the world's workers, resulting in improvements in the world's economy, and in particular the economies of "third world" nations.
The end of job flight out of the USA to low-wage countries.
Improvements in the American economy due to the elimination of economic inefficiencies and distortions caused by artificially low non-US wages and import prices.