Archive for the ‘Outsourcing’ Category
10 Amazing Charts That Demonstrate the Slow, Agonizing Death of the American Worker
The middle class American worker is in danger of becoming an endangered species. The politicians are not telling you the truth, and the mainstream media is certainly not telling you the truth, but the reality is that there is nothing but bad news on the horizon for workers in the United States. http://theeconomiccollapseblog.com/archives/10-amazing-charts-that-demonstrate-the-slow-agonizing-death-of-the-american-worker
COMMENTS:
Make A Comment
How Deregulation Resurrected American Economic Insecurity
We see everywhere in the West the effort to insulate the political process from the people it governs. In the U.S., the two political parties represent the few powerful private interests that supply their campaign funds. In the EU, Brussels is using the sovereign debt crisis to compromise the sovereignty of the member countries and remove their accountability to the people. In the U.S., Homeland Security has purchased a billion rounds of ammunition and 3,000 tanks. These purchases are not directed at the rare or nonexistent terrorist, but at the U.S. population. They are Washington’s response to the social and political instability for which deregulation has set the stage. http://www.paulcraigroberts.org/2013/03/06/how-deregulation-resurrected-american-economic-insecurity-paul-craig-roberts/
COMMENTS:
Make A Comment
Who Killed the Middle Class?
Since Bush I, when some of us began to argue loudly that a mindless ideological pursuit of free trade would imperil America’s industrial base, the total of U.S. trade deficits in goods with the world is approaching $10 trillion – 10 thousand billion dollars! Might this humongous dumping of foreign goods into the U.S.A., killing our factories, and the liberation of our transnational elite to close plants, outsource production and bring foreign-made goods back free of charge into the U.S. market, have had something to do with killing the middle class? The U.S. median income stopped growing in the mid-1970s, the same time we began to run 40 straight years of ever-expanding trade deficits. And how are we doing with China? http://www.wnd.com/2013/02/who-killed-the-middle-class/
COMMENTS:
Make A Comment
We Are Witnessing the Slow, Tortuous Death of the American Worker
Once upon a time, the U.S. economy produced a seemingly unending supply of good paying jobs that enabled American workers to buy homes, raise families and live the American Dream. But now all of that has changed. Over the past several decades, there have been some fundamental shifts in our economy that have steadily eroded the value of the American worker. Thanks to incredible advances in robotics, computers and other fields of technology, many economic activities that once required a tremendous amount of manpower now require very little. Nothing is going to reverse those technological advances, so the jobs that have been lost as a result are now gone forever. But there are millions of other good jobs that we have lost that we could have done something about. http://endoftheamericandream.com/archives/we-are-witnessing-the-slow-tortuous-death-of-the-american-worker
COMMENTS:
Make A Comment
Obama And Romney Both Favor a One World Economic System That Kills American Jobs
Either way this election turns out, American jobs are going to continue to get slaughtered by the millions. During this campaign, Mitt Romney and Barack Obama have both attempted to portray each other as the “outsourcer in chief”. Unfortunately, they are both right. Barack Obama and Mitt Romney have both participated in the outsourcing of American jobs, and both are openly admitting to the American people that they favor the emerging one world economic system which will continue to destroy millions of American jobs. In fact, they argue with each other about which of them will be more aggressive in pursuing more “free trade” agreements over the next four years. Unfortunately, the “free trade” agreements that the U.S. government enters into are never “fair trade” agreements. As a result, over the past decade we have lost tens of thousands of businesses, millions of jobs and trillions of dollars of national wealth. http://theeconomiccollapseblog.com/archives/obama-and-romney-both-favor-a-one-world-economic-system-that-kills-american-jobs
COMMENTS:
Make A Comment
America, RIP
by Paul Craig Roberts. As I predicted in the early years of this new century, “the United States will be a third world country in 20 years.” We might get there even sooner as Washington exhausts what little is left of American wealth in gratuitous wars in service to Israel and the US Military/Security Complex, in unaffordable military buildups in futile hopes of establishing hegemony over China and Russia, and in negative interest rates from the Federal Reserve’s effort to drive up the book value of debt instruments on the balance sheets of financial institutions. http://www.paulcraigroberts.org/2012/10/16/america-r-i-p/
COMMENTS:
Make A Comment
The Permanent Unemployment Economy
The official underreporting of the unemployment statistics is a well-known fact. The cavalier dismissal of the systemic dismantling of the market economy by the Obama administration is undeniable. Notwithstanding, the lack of living wage jobs is not simply a partisan issue. Ever since the adoption of the globalist free trade betrayal, the national suicide of the free enterprise economy has continued. Transiting skilled employees into government dependents is an overt component of the “New Age” of reduced wealth and servitude for the ordinary American. http://www.batr.org/negotium/090512.html
COMMENTS:
Make A Comment
Chinese Workers Hail Romney’s Record as Job Creator
After a brutal week in which he was booed by the NAACP and grilled by the media, Republican presidential choice Mitt Romney got some support from an unlikely place today: Beijing. Manufacturing workers from across China flooded downtown Beijing to show their gratitude for Mr. Romney’s robust record of job creation in China while at the helm of the private equity firm Bain Capital. http://www.informationclearinghouse.info/article31887.htm
COMMENTS:
Make A Comment
Dismal Images of Gary, Indiana, One-Time ‘City of the Century’
Once the center of the country’s booming steel industry and known as the City of the Century, Gary, Indiana now lies in ruins as a sad example of American industrial decline. Founded in 1906 by the US Steel Corporation, Gary’s heyday was in the post-war boom of the 1950s when almost 200,000 people lived and worked in the bustling city, 25 miles from Chicago. As the American manufacturing sector contracted, Gary’s population fell by over 50 percent and no one now uses the once bustling train stations, churches and auditoriums that are now decaying as they are left to the elements. http://www.dailymail.co.uk/news/article-2173761/Tragic-portrait-city-decline-The-desolate-ruins-Gary-Indiana-reveal-decaying-heart-Americas-proud-industrial-centre.html
COMMENTS:
Make A Comment
U.S. Olympic Uniforms — Made in China
Uniforms for U.S. Olympic athletes are American red, white, and blue — but made in China. That has members of Congress fuming. Republicans and Democrats railed Thursday about the U.S. Olympic Committee’s decision to dress the U.S. team in Chinese-manufactured berets, blazers, and pants while the American textile industry struggles economically with many U.S. workers desperate for jobs. http://www.newsmax.com/US/Olympics-uniforms-made-China/2012/07/12/id/445194?s=al&promo_code=F748-1
COMMENTS:
Make A Comment
An Immigration Moratorium Tourniquet is Badly Needed
Jobs at lower wages will continue to prevail (except, of course, for the CEOs with hand picked boards who can manipulate their compensation to astronomical levels). Add automation, overseas outsourcing and the issuing of 100,000 alien visas a month to further disadvantage the 20 plus million Americans now unemployed or underemployed. http://www.vdare.com/articles/americans-now-bleeding-badly-our-republic-needs-an-immigration-moratorium-tourniquet
COMMENTS:
Make A Comment
U.S. Roads and Bridges Being Built by Chinese Companies As American Economy Teeters on Collapse
A recent report by ABC has confirmed what many have claimed for years; infrastructure jobs are going directly to foreign countries, particularly China. Regardless of the fact that U.S. law usually requires American companies to be picked first for infrastructure jobs, multiple Chinease companies are currently working on U.S. bridges and roads throughout the country. http://theintelhub.com/2012/04/15/u-s-roads-and-bridges-being-built-by-chinese-companies-as-american-economy-teeters-on-collapse/
COMMENTS:
Make A Comment
Economics Lesson 1
When the methodology that measures a constant standard of living is used to deflate nominal GDP, the result is a shrinking U.S. economy. It becomes clear that the U.S. economy has had no recovery and has now been in deep recession for four years despite the proclamation by the National Bureau of Economic Research of a recovery based on the rigged official numbers. A government can always produce the illusion of economic growth by underestimating the rate of inflation. There is no question that a substitution-based measure of inflation understates the inflation that people experience. More proof that there has been no economic recovery is available from those data series that are unaffected by inflation. If the economy were in fact recovering, these date series would be picking up. Instead, they are flat or declining, as John Williams demonstrates. http://www.paulcraigroberts.org/2012/01/31/economics-lesson-1/
COMMENTS:
Make A Comment
America and Europe: Saving the Rich and Losing the Economy
Economic policy in the United States and Europe has failed, and people are suffering. Economic policy failed for three reasons: (1) policymakers focused on enabling offshoring corporations to move middle class jobs, and the consumer demand, tax base, GDP, and careers associated with the jobs, to foreign countries, such as China and India, where labor is inexpensive; (2) policymakers permitted financial deregulation that unleashed fraud and debt leverage on a scale previously unimaginable; (3) policymakers responded to the resulting financial crisis by imposing austerity on the population and running the printing press in order to bail out banks and prevent any losses to the banks regardless of the cost to national economies and innocent parties. http://globalresearch.ca/index.php?context=va&aid=26769
COMMENTS:
Make A Comment
Whose Country Is It, Anyway?
U.S. corporate executives leapt at the opportunity to close plants here and relocate abroad. This explains the 50,000 factories that disappeared in the Bush decade and the 5.5 million manufacturing jobs that vanished. You cannot have a rising standard of living when your highest-paid production jobs are being exported overseas. http://www.theamericanconservative.com/blog/2011/09/19/whose-country-is-it-anyway/
COMMENTS:
Make A Comment
Madison Avenue Declares ‘Mass Affluence’ Over
The chain-smoking ad agency account execs of Mad Men, the hit cable TV series set in the early 1960s, all want to be rich some day. But these execs, professionally, couldn’t care less about the rich. They spend their nine-to-fives marketing to average Americans, not rich ones. Mad Men’s real-life ad agency brethren, 50 years ago, behaved the exact same way — for an eminently common-sense reason: In mid-20th century America, the entire U.S. economy revolved around middle class households. The vast bulk of U.S. income sat in middle class pockets. The rich back then, for ad execs, constituted an afterthought, a niche market. Not anymore. Madison Avenue has now come full circle. The rich no longer rate as a niche. Marketing to the rich — and those about to gain that status — has become the only game that really counts. “Mass affluence,” as a new white paper from Ad Age, the advertising industry’s top trade journal, has just declared, “is over.” http://www.informationclearinghouse.info/article28976.htm
COMMENTS:
Make A Comment
34 Pieces of Evidence That Prove That the Middle Class in America is Rapidly Shrinking
Do you ever get the feeling that the middle class in America is shrinking? Well, you are not imagining things. A confluence of very troubling long-term economic trends has created an environment in which the middle class in America is being absolutely shredded. Today, most American families would be absolutely thrilled if they could live as well as past generations did. The dream of receiving a solid education, getting a good job, owning a beautiful home and enjoying the good things that America has to offer is increasingly becoming out of reach for a growing number of Americans. The reality is that even though our population has grown, there are less jobs than there used to be. A much higher percentage of the jobs that remain are low income jobs. Millions of middle class American families are desperately trying to hang on as inflation far outpaces the growth of their paychecks. Millions of others have fallen completely out of the middle class and are now totally dependent on the government for survival. We once had the largest, most vibrant middle class in the history of the world, but now way too much unemployment, way too much inflation, way too much greed and way too much debt are all starting to catch up with us. America is changing, and not for the better. http://lewrockwell.com/rep2/us-middle-class-rapidly-shrinking.html
COMMENTS:
Make A Comment
Verizon: From Wireless to Shameless
It was only a matter of time before the “pull down” NAFTA and WTO trade agreements on U.S. wages and jobs would be followed by “pull down” contract demands by U.S. corporations on their unionized workers toward levels of non-unionized laborers. The most recent illustration of this three-decade reversal of nearly a century of American economic advances for employees is the numerous demands by Verizon. Here are just a few of the concessions the new Verizon CEO, Lowell McAdam, is insisting upon: –More power to contract out and offshore jobs to add to the 25,000 already in that category; thereby undermining job security. –a freeze on pensions; –elimination of the sickness and death benefit program; –reduction in sick days; and –a major increase in employee contributions to and deductibles under their health insurance coverage. http://www.counterpunch.org/nader08232011.html
COMMENTS:
Make A Comment
65 Percent of IBM Workers Now Live Outside the U.S.
The major reason IBM changed its HR rule book? The old one no longer fit the workforce. In the twenty-first century, the company has flourished by buying up successful companies around the world and selling off divisions that aren’t thriving. That means half of its workforce has been with the company less than five years and a 65% now reside outside of the United States — a dramatic change from even just two decades ago. http://www.businessinsider.com/65-of-ibm-workers-now-live-outside-the-us-2011-8
COMMENTS:
Make A Comment
Exporting America
Here is a list of companies we’ve confirmed are “Exporting America.” These are U.S. companies either sending American jobs overseas, or choosing to employ cheap overseas labor, instead of American workers. http://www.cnn.com/CNN/Programs/lou.dobbs.tonight/popups/exporting.america/content.html
COMMENTS:
Make A Comment
GE Moves $14 Billion X-Ray Business to China, and Still Don’t Pay Any U.S. Taxes
Jack is ticked off at CEO Jeff Immelt and rightfully so, as GE announced plans yesterday to offshore its massive radiology manufacturing business to China. http://dailybail.com/home/cnns-jack-cafferty-ge-moves-14-billion-per-year-x-ray-busine.html
COMMENTS:
Make A Comment
An Economy Destroyed Thanks to Washington
The U.S. economy is in a deepening recession from which recovery is not possible, because American middle class jobs in manufacturing and professional services have been offshored and given to foreigners. U.S. GDP, consumer purchasing power, and tax base have been handed over to China, India, and Indonesia in order that Wall Street, shareholders, and corporate CEOs can earn more. When the goods and services produced offshore come back into America, they arrive as imports. The trade balance worsens, the U.S. dollar declines further in exchange value, and prices rise for Americans, whose incomes are stagnant or falling.This is economic destruction. It always occurs when an oligarchy seizes control of a government. The short-run profits of the powerful are maximized at the expense of the viability of the economy. http://www.informationclearinghouse.info/article28654.htm
COMMENTS:
Make A Comment
How Globalism Has Destroyed U.S. Jobs, Businesses and National Wealth in 10 Easy Steps
As most Americans stand around waiting for the U.S. economy to return to “normal”, there is a never ending parade of jobs, businesses and wealth heading out of the United States. The jobs and businesses that are leaving are gone for good and will not be coming back. This is causing unemployment to soar and government debt to skyrocket but our politicians are doing nothing about it. Instead, politicians from both parties keep insisting that they will solve all of our problems if we will just give them our votes. Meanwhile, American families continue to fill up their shopping carts with cheap plastic crap made on the other side of the world. Globalism is slowly destroying the greatest economic machine that the world has ever seen and most Americans don’t even realize it. http://endoftheamericandream.com/archives/how-globalism-has-destroyed-our-jobs-businesses-and-national-wealth-in-10-easy-steps
COMMENTS:
Make A Comment
Induced Fraud
As the value of the dollar declines, conventional economists assure us that U.S. exports will rise, putting Americans back to work. For that prescription to succeed, Americans would need to work for wages and benefits roughly on par with China. Americans are correct in their widely shared sense that something is fundamentally wrong. At some point soon, the harsh reality must be faced: Today’s widely prevalent “consensus economics” not only does not work, it never could have worked — except to create the results we now see. In hindsight, it’s clear that Americans were induced to embrace financial freedom as a stand-in for personal freedom. Meanwhile, the unbridled pursuit of financial returns emerged as a proxy for the personal pursuit of happiness. http://arabnews.com/opinion/columns/article465176.ece?service=print
COMMENTS:
Make A Comment
Offshoring Has Destroyed the Economy
For a decade I have warned that US corporations, pressed by Wall Street and large retailers such as Wal-Mart, to move offshore their production for US consumer markets, were simultaneously moving offshore US GDP, US tax base, US consumer income, and irreplaceable career opportunities for American citizens. Among the serious consequences of offshoring are the dismantling of the ladders of upward mobility that made the US an “opportunity society,” an extraordinary worsening of the income distribution, and large trade and federal budget deficits that cannot be closed by normal means. These deficits now threaten the US dollar’s role as world reserve currency. http://www.informationclearinghouse.info/article28212.htm
COMMENTS:
Make A Comment
The Offshoring of U.S. Jobs Continues
Seven publicly traded U.S. corporations represented on President Barack Obama’s advisory council for jobs and competitiveness — including General Electric Co. (GE) and Intel Corp. (INTC) — have devoted a growing pool of their non-U.S. earnings to investments in other countries. As a group, multinational companies with current or former chief executive officers on Obama’s jobs council have, over the past four years, almost doubled the cumulative amounts they’ve reinvested overseas, according to data compiled by Bloomberg. http://www.bloomberg.com/news/2011-05-23/ge-joins-intel-to-advise-obama-as-overseas-holdings-expand.html
COMMENTS:
Make A Comment
23 Facts Which Prove That Globalism Is Pushing The Standard Of Living Of The Middle Class Down To Third World Levels
Unfortunately, most of our politicians continue to insist that globalism is good for our society. They continue to insist that we should not be worried that jobs formerly done by middle class American workers are now being done by slave laborers on the other side of the globe. They continue to insist that having 43 million Americans on food stamps is a temporary thing and that soon our economy will be better than ever. Well, it is time to stop listening to the politicians that are promoting “the global economy”. They are lying to us. Globalism is great for nations such as China and it is helping multinational corporations make huge profits, but for the U.S. middle class it is an economic death sentence. http://theeconomiccollapseblog.com/archives/global-economy-23-facts-which-prove-that-globalism-is-pushing-the-standard-of-living-of-the-middle-class-down-to-third-world-levels
COMMENTS:
Make A Comment
How the Middle Class Became the Underclass
Are you better off than your parents? Probably not if you’re in the middle class. Incomes for 90% of Americans have been stuck in neutral, and it’s not just because of the Great Recession. Middle-class incomes have been stagnant for at least a generation, while the wealthiest tier has surged ahead at lighting speed. http://finance.yahoo.com/news/How-the-middle-class-became-cnnm-2876148381.html
COMMENTS:
Make A Comment
Globalism Pushing Middle Class Standard of Living Down to Third World Levels
From now on, whenever you hear the term “the global economy” you should immediately equate it with the destruction of the U.S. middle class. Over the past several decades, the American economy has been slowly but surely merged into the emerging one world economic system. Unfortunately for the middle class, much of the rest of the world does not have the same minimum wage laws and worker protections that we do. Therefore, the massive global corporations that now dominate our economy are able to pay workers in other countries slave labor wages and import the products that they make into the United States to compete with products made by “expensive” American workers. This has resulted in a mass exodus of manufacturing facilities and jobs from the United States. http://www.infowars.com/globalism-pushing-middle-class-standard-of-living-down-to-third-world-levels/
COMMENTS:
Make A Comment
Manufacturing’s Dismal Decade
As he has each February for years, Charles W. McMillion of MBG Information Services has compiled the stats on the industrial decline of his country under our free trade presidents. Here are but a few numbers for the decade from December 2000, the month before George W. Bush took the oath, to December 2010, the end of Obama’s second year. http://vdare.com/buchanan/110224_manufacturing.htm
COMMENTS:
Make A Comment
Bush’s New ‘Axis of Evil’
For eight years, Bush pursued interventionism, free trade and open borders. Result: two wars that have bled his country and reaped a harvest of hate, the deindustrialization of America and a republic on its way to becoming the new world order’s Tower of Babel. Political result: A wipeout of the GOP in 2006 and 2008, and Bush going home to Texas with the lowest job approval in presidential history. http://buchanan.org/blog/bushs-new-axis-of-evil-4606
COMMENTS:
Make A Comment
Free Trade Created the Chinese Model
East will never meet the West of Adam Smith. China never had a culture or tradition of respecting individual human rights. Why would anyone assume that a regime that houses worker slaves in huge chicken coops would adopt a fair trade economy? The Chinese juggernaut is a creature of Western creation. The Red Dragon never reflects the noble contributions of wealth development that grew a stable middle class and spread the fruits of democratic principles. The Chinese model is a harbinger of the global gulag and the coerced society designed to demolish cherished Western Civilization values and liberties. The masters of political confrontations have found a better way than waging world wars for imposing their planetary dominance. http://batr.org/reactionary/012311.html
COMMENTS:
Make A Comment
How the Chinese Must See Us
As Hu Jintao wings his way home, America’s hectoring still ringing in his ears, he must be thinking that maybe we Americans should stop lecturing them and take a closer look at ourselves. Revalue your currency, we demand of the Chinese, stop running these trade surpluses at our expense, start practicing free trade, and abandon these mercantilist and protectionist policies. But why should they? Why should China abandon a trade policy that is working marvelously well for them, and adopt a trade policy that is failing dismally for us? Does that make sense? Why should any nation emulate the U.S. trade policy of the Bush-Clinton-Bush era that has stripped us of a third of our manufacturing jobs and made us dependent on China and the world for the needs of our national life and the borrowed money to pay for them? Why would China, seeking to make herself an independent and self-sufficient nation, adopt a policy that cost us our independence? http://vdare.com/buchanan/110120_migrant_mistreatment.htm
COMMENTS:
Make A Comment
Detroit in Ruins: The Photographs of Yves Marchand and Romain Meffre
The Ruins of Detroit tells the city’s story so far in one starkly beautiful photograph after another, all of which add up to nothing less than an end-of-empire narrative. Or as Sugrue puts it: “The abandoned factories, the eerily vacant schools, the rotting houses, and gutted skyscrapers that Yves Marchand and Romain Meffre chronicle are the artefacts of Detroit’s astonishing rise as a global capital of capitalism and its even more extraordinary descent into ruin, a place where the boundaries between the American dream and the American nightmare, between prosperity and poverty, between the permanent and the ephemeral are powerfully and painfully visible. http://www.amren.com/mtnews/archives/2011/01/detroit_in_ruin.php
COMMENTS:
Make A Comment
Where Are The Jobs? For Many Companies, Overseas
Corporate profits are up. Stock prices are up. So why isn’t anyone hiring? Actually, many American companies are — just maybe not in your town. They’re hiring overseas, where sales are surging and the pipeline of orders is fat. http://www.commondreams.org/headline/2010/12/28-3
COMMENTS:
Make A Comment
America’s Jobs Losses are Permanent
The major cause of the US trade deficit with China is “globalism” or the practice, enforced by Wall Street and Wal-Mart, of US corporations offshoring their production for US markets to China in order to improve the bottom line by lowering labor costs. Most of the tariffs that the congressional idiots want to put on “Chinese” imports would, therefore, fall on the offshored production of US corporations. When these American brand goods, such as Apple computers, are brought to US markets, they enter the US as imports. Thus, the tariffs will be applied to US corporate offshored output as well as to the exports of Chinese companies to the US. The correct conclusion is that the US trade deficit with China is the result of “globalism” or jobs offshoring, not Chinese currency manipulation. http://www.counterpunch.org/roberts10282010.html
COMMENTS:
Make A Comment
America’s Third World Economy
The millions of unemployed today are blamed on the popped real estate bubble and the subprime derivative financial crisis. However, the US economy has been losing jobs for a decade. As manufacturing, information technology, software engineering, research, development, and tradable professional services have been moved offshore, the American middle class has shriveled. The ladders of upward mobility that made American an “opportunity society” have been dismantled. The wage and salary cost savings obtained by giving Americans’ jobs to Chinese and Indians have enriched corporate CEOs, shareholders, and Wall Street at the expense of the middle class and America’s consumer economy. http://www.counterpunch.org/roberts10082010.html
COMMENTS:
Make A Comment
GM Announces Major Investment in Auto Plant — In Mexico
That’s Government Motors gratitude for you! http://www.americanthinker.com/blog/2010/08/gm_announces_major_investment.html
COMMENTS:
Make A Comment
U.S. to Train 3,000 Offshore IT Workers
Despite President Obama’s pledge to retain more hi-tech jobs in the U.S., a federal agency run by a hand-picked Obama appointee has launched a $22 million program to train workers, including 3,000 specialists in IT and related functions, in South Asia. Following their training, the tech workers will be placed with outsourcing vendors in the region that provide offshore IT and business services to American companies looking to take advantage of the Asian subcontinent’s low labor costs. http://www.legitgov.org/US-Train-3000-Offshore-IT-Workers
COMMENTS:
Make A Comment
A Greater Threat Than Terrorism
In what might be an underestimate, a University of California study concludes that 14 million white-collar jobs are vulnerable to being outsourced offshore. These are not only call-center operators, customer service and back-office jobs, but also information technology, accounting, architecture, advanced engineering design, news reporting, stock analysis, and medical and legal services. The authors note that these are the jobs of the American Dream, the jobs of upward mobility that generate the bulk of the tax revenues that fund our education, health, infrastructure, and social security systems. The loss of these jobs “is fool’s gold for companies.” Corporate America’s short-term mentality, stemming from bonuses tied to quarterly results, is causing U.S. companies to lose not only their best employees-their human capital-but also the consumers who buy their products. Employees displaced by foreigners and left unemployed or in lower paid work have a reduced presence in the consumer market. They provide fewer retirement savings for new investment. http://www.informationclearinghouse.info/article25250.htm
COMMENTS:
Make A Comment
Obamacare Will Greatly Increase Outsourcing
The outsourcing industry received its biggest bonanza yet with the US healthcare bill being passed by the House of Representatives. The opportunity that it throws up for outsourcers is huge and far bigger than the Y2K, which included only changing code, said experts. http://economictimes.indiatimes.com/articleshow/5713526.cms
COMMENTS:
Make A Comment
The Off-Shored Economy
In the 20th century, Detroit, Michigan, symbolized American industrial might. Today it symbolizes the offshored economy. Detroit’s population has declined by half. A quarter of the city–35 square miles–is desolate with only a few houses still standing on largely abandoned streets. If the local government can get the money from Washington, urban planners are going to shrink the city and establish rural areas or green zones where neighborhoods used to be. President Obama and economists provide platitudes about recovery. But how does an economy recover when its economic leaders have spent more than a decade moving high productivity, high value-added middle class jobs offshore along with the Gross Domestic Product associated with them? http://www.counterpunch.org/roberts03172010.html
COMMENTS:
Make A Comment
IBM Stops Disclosing U.S. Headcount Data
An IBM research lab in India
IBM says it is the No. 1 technology employer in the U.S. and the world, but as time moves on, it may be harder to tell just what is happening to its domestic workforce. IBM has stopped providing breakouts of the number of employees it has in the U.S., and in doing so is closing a door to data that provided insights into this bellwether company’s employment shift. Over the years, IBM workforce data showed accelerating overseas hiring, especially in India, and a steadily declining U.S. workforce. http://www.computerworld.com/s/article/9169678/IBM_stops_disclosing_U.S._headcount_data?source=CTWNLE_nlt_dailyam_2010-03-12
COMMENTS:
Make A Comment
The Free Market Fetish
As Ralph Gomory has made clear, economic theory has been shattered because there is no longer any connection between the profits of American companies and the welfare of Americans. The profits of American companies are derived from the cheap labor in offshored locations and are at the expense of the American work force. This dispossession of American labor has been heralded by offshoring’s pimps in the major universities as “the New Economy.” The “New Economy” is a hoax like most everything else the bought-and-paid-for-media feeds to Americans. There is no new economy. There is an unemployed economy. http://www.counterpunch.org/roberts02052010.html
COMMENTS:
Make A Comment
Outsourcing Roars Back to India and China
Outsourcing has roared back to life in the last six months with some of it moving to countries like India, and from India to other places like China, the Philippines, Costa Rica and even Romania, according to a new study. “After fizzling out over the past couple years as companies simply slashed jobs rather than move them, outsourcing is back in vogue,” Forbes.com reported Monday citing a new PricewaterhouseCoopers study. http://economictimes.indiatimes.com/articleshow/5499432.cms?frm=mailtofriend
COMMENTS:
Make A Comment
The middle class American worker is in danger of becoming an endangered species. The politicians are not telling you the truth, and the mainstream media is certainly not telling you the truth, but the reality is that there is nothing but bad news on the horizon for workers in the United States. http://theeconomiccollapseblog.com/archives/10-amazing-charts-that-demonstrate-the-slow-agonizing-death-of-the-american-worker
