Archive for the ‘Outsourcing’ Category

The Robots Are Coming, and They Are Replacing Warehouse Workers and Fast Food Employees

aa-robot There are already more than 101 million working age Americans that are not employed and 20 percent of the families in the entire country do not have a single member that has a job. So what in the world are we going to do when robots start taking millions upon millions more of our jobs? Thanks to technology, the balance of power between employers and workers in this country is shifting dramatically in favor of the employers. These days, many employers are wondering why they are dealing with so many human worker “headaches” when they can just use technology to get the same tasks done instead. When you replace a human worker with a robot, you solve a whole bunch of problems. Robots never take a day off, they never get tired, they never get sick, they never complain, they never show up late, they never waste time on the Internet and they always do what you tell them to do. In addition, robotic technology has advanced to the point where it is actually cheaper to buy robots than it is to hire humans for a vast variety of different tasks. From the standpoint of societal efficiency, this is a good thing. But what happens when robots are able to do just about everything less expensively and more efficiently than humans can? Where will our jobs come from? http://www.infowars.com/the-robots-are-coming-and-they-are-replacing-warehouse-workers-and-fast-food-employees/


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The Deindustrialization of America

aa-factory - abandoned How long can America continue to burn up wealth? How long can this nation continue to consume far more wealth than it produces? The trade deficit is one of the biggest reasons for the steady decline of the U.S. economy, but many Americans don’t even understand what it is. Basically, we are buying far more stuff from the rest of the world than they are buying from us. That means that far more money is constantly leaving the country than is coming into the country. In order to keep the game going, we have to go to the people that we bought all of that stuff from and ask them to lend our money back to us. Or lately, we just have the Federal Reserve create new money out of thin air. This is called “quantitative easing”. Our current debt-fueled lifestyle is dependent on this cycle continuing. In order to live like we do, we must consume far more wealth than we produce. If someday we are forced to only live on the wealth that we create, it will require a massive adjustment in our standard of living. We have become great at consuming wealth but not so great at creating it. But as a result of running gigantic trade deficits year after year, we have lost tens of thousands of businesses, millions upon millions of jobs, and America is being deindustrialized at a staggering pace. http://www.silverdoctors.com/shocking-facts-about-the-deindustrialization-of-america-that-everyone-should-know/


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9 of the Top 10 Occupations in America Pay an Average Wage of Less Than $35,000 a Year

aa-walmart - old greeter In the old days, a single income would enable a family to live a very comfortable middle class lifestyle in most cases. But now those days are long gone. In 2014, both parents are expected to work, and in many cases both of them have to get multiple jobs just in order to break even at the end of the month. The decline in the quality of our jobs is a huge reason for the implosion of the middle class in this country. You can’t have a middle class without middle class jobs, and we have witnessed a multi-decade decline in middle class jobs in the United States. http://theeconomiccollapseblog.com/archives/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year


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The Suicide of the Middle Class

aa-middle class - getting screwed good one Regardless of these circumstances, middle-class sooner or later will have to face the ugly truth that it is making itself redundant, together with all the lower class jobs it has ‘off-shored’ to China, Vietnam, India, Bangladesh, Indonesia and the Philippines. It should have known better. Sure, being the first in an industry to do so gives your company a competitive advantage for a couple of years, but only until your competitor are doing the same. Once they do, all you are left with are obscene ex-pat packages for the managers supervising your off-shore operations, increased travel and transport costs, corrupt officials to bribe, the same percentages of margins as before off-shoring, but on a much lower level, and no jobs in your own country for people to buy your products. As a consequence of this madness, companies that want to survive eventually will have to move the rest of the operations to those corrupt slave labor countries, because that’s where the clients, the suppliers, the factories and increasingly the shareholders are. What middle-class has been doing for the past 30 years is commit economic suicide, both on a personal and a national level. For the sake of a promotion or a pay-rise, they have destroyed the future of their country, their children, their neighbors and friends. How do you call someone who acts like that? They know that they have built their career on treason, that’s why they don’t want anyone to ‘rock the boat’ and confront them with the fact that this virtual reality they live in is fake. http://therebel.org/editorial/745264-the-suicide-of-middle-class


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How Economists and Policymakers Murdered the Economy

aa-Dees - outsourcing The economy has been debilitated by the offshoring of middle class jobs for the benefit of corporate profits and by the Federal Reserve’s policy of Quantitative Easing in order to support a few oversized banks that the government protects from market discipline. Not only does QE distort bond and stock markets, it threatens the value of the dollar and has resulted in manipulation of the gold price. When U.S. corporations send jobs offshore, the GDP, consumer income, tax base, and careers associated with the jobs go abroad with the jobs. Corporations gain the additional profits at large costs to the economy in terms of less employment, less economic growth, reduced state, local and federal tax revenues, wider deficits, and impairments of social services. http://www.paulcraigroberts.org/2014/01/25/economists-policymakers-murdered-economy-paul-craig-roberts/


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‘Free Trade’ Destroying the U.S. Middle Class

aa-smog - chinese city of Linfen Since Y2K, China, which protects its industrial base by keeping its currency artificially cheap, has surged past Italy, Britain, France, Germany and Japan to become the world’s second largest economy. And they are gaining steadily on us. Free trade appears to be the policy of fading nations. Perhaps it is time for a profit and loss statement of its costs and benefits. Undeniably, free trade has been a bonanza for the top 1 percent and many among our top 10 percent. http://takimag.com/article/dr_pangloss_free_trader_patrick_buchanan/print#axzz2rFcLvven


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China Becomes Largest Trading Nation

aa-China - economic strength The globalists put their plan into motion decades ago. The proper meaning of the headline is not that China is an economic miracle, but that the United States, systematically stripped of its industrial might, is destined to fall even further. http://www.batr.org/negotium/011514.html


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20 Years of the Sucking Sound of NAFTA

aa-Dees - outsourcing This globalization model flops for the most simple of all reasons. Allowing the world economy to reward the neo-feudal system produces only societies that control their populations as serfs. Economists and business journalists that ignore the collapse of real income purchasing power by the vast majority, practice their trade for the conglomerate captains of commerce. The reason that Free Trade agreement swindles, detested by the suffering public, is such a dramatic failure is that twenty years of diminished wealth hits everyone’s pocketbooks. No longer can the dreadful results from the hidden fine print of treaty documents stay secret from the impoverished middle and underclass. http://www.batr.org/corporatocracy/010814.html


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America’s Descent Toward Third World Status

The long-term outlook for Americans who work for a living is indeed bleak. Doubtless, there will be some ups and downs, but an unprecedented combination of factors makes it likely that the downward trend will continue for them. For most people, the future promises lower quality jobs, at lower pay rates, with degraded working conditions, and fewer benefits. They can also anticipate reduced retirement income, and less comprehensive medicare. Financial insecurity and unemployment are likely to be regular features of their lives. http://www.opednews.com/articles/Our-Descent-Toward-Third-W-by-Stephen-Unger-American-Civil-Liberties-Union_Civil-Unions_Corporations_Employers-131030-313.html


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How the Economy Was Lost, Doomed by the Myths of Free Trade

The American economy has gone away. It is not coming back until free trade myths are buried six feet under. http://economyincrisis.org/content/how-economy-was-lost-doomed-myths-free-trade#.UjHGkkV5U-g.email


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The ‘New Economy’ is the No Jobs Economy

Nothing that Washington or the media–a.k.a. the Ministry of Propaganda–tells you is true. Even official statistics are a lie, as you can see from my report below on the latest employment numbers. http://www.paulcraigroberts.org/2013/08/05/the-new-economy-is-the-no-jobs-economy-paul-craig-roberts/


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The Bogus High-Tech Worker Shortage: How Guest Workers Lower U.S. Wages

Currently, U.S. colleges graduate far more scientists and engineers than find employment in those fields every year — about 200,000 more — while the IT industry fills about two-thirds of its entry-level positions with guest workers. At the same time, IT wages have stagnated for over a decade. http://www.pbs.org/newshour/businessdesk/2013/07/the-bogus-high-tech-worker-sho.html


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The Motor City Blows Its Pistons

The urban leper colony known as Detroit is a living/dying metaphor of American municipal decay. In 1950, it hosted nearly two million residents; now it can barely cling to 700,000. And one poll showed that of the remaining residents, forty percent claim they plan to flee the city within the next five years. Nearly half of Detroit’s street lights are broken, average police response time is about an hour, and it is currently ranked as America’s second most dangerous city. And modern Detroit is not exactly teeming with what a sane person would call high-quality human capital. So what happened? What turned Detroit into “Detroilet”? What enabled this once-mighty metropolis to pluck defeat from the snatch of victory? http://takimag.com/article/the_motor_city_blows_its_pistons_jim_goad/print#axzz2Znj9H2fQ


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Detroit’s Collapse Reveals the Awful Dystopia That the United States is Becoming

An abandoned car factory in Detroit

The Motor City’s problems — deindustrialization, robotification, long-term unemployment, racial division — are America’s problems. http://www.alternet.org/economy/detroits-collapse-reveals-awful-dystopia-united-states-becoming?paging=off


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The Social Costs of Capitalism

When I was a graduate student in economics, the social cost of capitalism was a big issue in economic theory. Since those decades ago, the social costs of capitalism have exploded, but the issue seems no longer to trouble the economics profession. http://www.paulcraigroberts.org/2013/05/30/the-social-cost-of-capitalism-paul-craig-roberts/


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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


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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/


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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/


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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


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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


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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/


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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


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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


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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


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LabMan

Over the past several weeks this site has brought us information about the destruction of American cities such as Atlanta,St.Louis,and today Gary Indiana,all events planned as jobs were and are still being eliminated,we who read and post here know that cities mentioned are just the tip of the iceberg and the heartland cities that are holding out a bit longer are being flooded with third world "refugees" from war torn countries,Louisville Kentucky is on the hit list also,and it would be interesting to see the results of flooding that city with refugees from "war torn" South Africa,I suspect we would see a new thriving metropolis.

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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


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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


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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/


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Raymond

The new eastern span of the S.F.-Oakland Bay Bridge is being built with Chinese steel--I wouldn't want to be driving over that during the next earthquake.

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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/


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LabMan

PCR always provides us with information on our ever encroaching demise that we simply must hear,he has been solid with his facts,along with so many other internet writers who are saying the same things,it is at a point where we cannot afford to ignore them,but ignore them 70% of the American public does,as stated many times before,television and movies have destroyed American minds,the print media has also been subverted,an important topic of conversation these days are the new Super Bowl commercials that are being readied,perhaps these "wag the dog" fluff productions will air at the time the action in Iran starts,not many channels will be changed.

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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


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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/


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LabMan

A rising standard of living in the U.S.is not what the global elite want,third world countries cannot be brought up to our level,so they will drag us down to theirs.

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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


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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


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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


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LabMan

And they are getting the expected reactions from most American workers who are engaging in "embedded" class warfare,heard on the street many times,"well why should they have such a strong contract when WE lost most of our benefits and wages"!

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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


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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


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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


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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


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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


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LabMan

Operative phrase,"most Americans don't even realize it"!

Jungleboots

"The Globalist have got the power" This of course is an Alex Jones quote and I'm sure many on here if not all of you know Jones is a shill. Globalist is of course another name to sidetrack you and to take you away from the real culprits. Get wise to who the Globalist are, then they will be called 'Universalist' then 'Blue Meanies' and so on. Always some made up name and more dead ends to follow. Yell the Globalist got the power on any busy street corner and you will get a zero reaction. Yell the Jews have got the power on that same street corner and see the reactions. This will tell you in fact who has the power in case you are still wondering.

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‘Middle-Aged May Never Get Employed Again’

Depression 2.0 is here to stay. http://www.realclearpolitics.com/video/2011/07/04/krauthammer_middle-aged_may_never_get_employed_again.html


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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


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LabMan

I have always had favorable opinions of Pat Buchanon and his writings,but I have stopped short of full support because "he"has stopped short on many issues,there are lines that he just will not cross,when he made his presidential run he was asked to speak in Weirton Wva.to union steel workers in an effort to save Weirton Steel,Pat said if elected he would do all possible to save this vital,money making steel plant,well as we know Pat did not get elected,but said that the de-industrialization of America had to stop,and he felt that Weirton steel was too important to die,and any American president would do all possible to save it.,well Weirton steel is gone now,and we know it's fate had been in the cards for decades.What is in the cards for the coming decades?

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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


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Realgeorge

Not a single politico anywhere in Amerika has an answer to this. The Ron Paulites offer nothing to so fix, just more of the thinking that radical Libertarianism will miraculously reverse offshoring. Funny how the high point of offshoring was performed on Bill Clinton's watch

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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


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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


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Granny Grip

All the symptoms of decline, outsourcing, insourcing, illegal immigration, inflation, loss of buying power of the dollar, loss of standard of living, etc., are due to one thing, the destruction of the US dollar. Due to Federal Reserve policy of printing money excessively, for the purpose of financing the Globalist Empire. The Empire must be destroyed if we are to regain the future for our children.

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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


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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/


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Χάρβαρντ: Αβυσσαλέες οι οικονομικές ανισότητες στις ΗΠΑ

[...] Μαρτίο… 2013  Εκτύπωση α…τ®ς της δημοσίε…σης www.anunews.net Οι ´μερικα½οί πολίτες για λόγο…ς ιστορικούς – [...]

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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


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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


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Wearing a Lapel Pin Doesn't Make You a Patriot

The Axis of Evil has got nothing on the Axis-of-See-No-Evil (see Urban Dictionary)- as Vietnam demonstrated, no country is too small for this nation not to pour the lives of its young and uncounted trillions down the military-industrial rat hole; the heave ho given the Republican Party in 2008, and Obama's subsequent election were very much an outraged reaction to this fact, but the American people were very much misled thinking Obama intended to make fundamental change. Instead, the media, with the Administration also averting its gaze literally ignore veterans and anti-war protesters chained to the White House gates! Their attitude is like Napoleon's regarding the Pope: "How many Predator drones do they have?"

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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


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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


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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


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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


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Luke

Good call, Brother Reinhardt. I'm glad someone else also remembers that White House press conference where that reporter asked Bush junior about the Bureau of Labor Statistics report which showed a massive number (over a million, if I recall) of good paying IT jobs that had gone to Pakistan and India under his administration, and what did Bush have to say about it? Well, in his typical Alfred E. Newman style, Bush hems and haws and then finally blurts out how happy he is that his policies are helping to create good paying jobs for the people of Pakistan and India. I don't watch TV, so I had to catch that infuriating spectacle on the Web - and to this day, I remain amazed over how that traitorous, stinking, smirking, greasy, war criminal, nation wrecking little rat managed to make it out of that press conference in one piece.

Reinhardt

I don't understand what the fuss is about. King George Dubya Bush said all the jobs going overseas were good for America, and that the only jobs here were those that Americans refused to do. Now we have Liar-crats in power, and the situation is getting worse. Pork and bail outs for the elite, free health/education for illegals, and layoffs and welfare for the rest. What a great country! Americans deserve/get what they vote for!

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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


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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


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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


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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


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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


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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


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James in U.S.A

Not only will we see more outsourcing, but we'll also see an influx of non-white foreign doctors and nurses, most of them graduates of substandard medical schools overseas, many if not most, barely able to speak English, coming to help take care of all these new healthcare recipients. And if Obama has his way in making 12 to 20 million illegal immigrants citizens, it will be even worse. If White people think things have gotten really bad just over the last ten years or so, I see the next five years being even worse than the last twenty-five years combined. What we thoought our grandchildren would see and have to endure from the Liberals in the future we will see ourselves in the near future. The Jewish/Marxist/Liberal and non-white agenda has gone into overdrive, and is now in a feeding frenzy to bring about as much change and what they call progress as they can muster before our people can fully mobilize against them. We must form a core of racial solidarity if we are to win.

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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


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James From Australia

Good article!! That being said, I think the real end was visited upon Detroit with the migration of its European-American majority. Free trade, or no free trade, the city of Detroit (with its 85% African majority) was gonna collapse in on itself regardless of whatever economic policy was implemented.

AmericanNationalist

Washingtons corporate crypto-jewish establishment intend to continue striking America with long-range projected financial attacks until the nation is weakened or retaliates. While Americans are being lead to believe they are investing in their future by taking part in globalization, Obama and the Round Table Group are reloading a new protracted scheme under GATT to continue where fellow crypto-jewish minions Bill Clinton and George W. Bush left off.

James of U.S.A

In the name of 'Free Trade' rather than fair trade our so-called leaders have drove our economy into the ground.

DixieDestroyer

We can thank the traitors on "Crapitol sHill" for selling out the American middle/working class (for their Globalist Elite ma$ters). NAFTA was a big step in dismantling the U.S. manufacturing base. IME, it's all about wiping out the middle class to create a 2 class dystopia...with a 90-95% impoverished/serf class and a 5-10% "ruling elite" class.

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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


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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


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David K. Meller

The political-economic-legal system described above is not--and never was--free market. Big Business, like any other politically organized group in society, does not want, and would never tolerate, a political system where all property was privately owned, where owners bore all of the risks as well as the rewards of their investments, and where any and all competition and innovation depended only upon market (other people engaged in voluntary and honest trade and exchange) transaction and NOTHING ELSE! The corporatists want a government that they can use. A free market is production--and hence ultimately savings--driven. What we have is debt--and hence fiat money and "spending" driven. Wealth in a free market is value production and exchange, wealth in a corporatist system is looted by banks, lawyers, and corporations (themselves artificial legal "persons" with no actual reality) through access to the political means, and actual production and innovation takes place only to the extent that it does NOT disrupt the profits of the political/corporate elites! The capitalist system uses--at the very least--gold as money. A permanant store of value, and a very sound, time honored means of facilitating the exchange of goods and services while retaining, sometimes even increasing it utility, namely purchasing power, over time. Corporatism, on the other hand, is dependent on credit and debt, and can only use paper money issued either by a government, or more often by a central bank, whose depreciation is built into the system, whose value inevitably declines over time, and which acts to bankrupt the very people--entrepreneurs, investors, and workers--upon whose well being we all depend! It is hard to imagine more different systems. The Keynesian/ inflationist/ corporatist system that is polluting our economy which Counterpunch otherwise ably condemns has in fact more in common with the misrule of "nomenklatura" elites of the old Soviet Union and it's Marxist brand of socialism, in actual practice, than anything one could find in a real free market society! PEACE AND FREEDOM!! David K. Meller

Realgeorge

Amen amen amen! Yes -- Free Market is as Mythical as the Valkyries and Valhalla. There hasn't been a "free market" on the face of the earth since the first Neanderthals traded wives. It's the Ron Paul and Camapaign for Liberty and Libertarianosos that scare me [Especially the unbearably arrogant and unctuous Lew Rockwell]. They're drunk as college punks from a state university on their "Ludwig von Mises" and "Von Hayek" free market stuff. Just make America a complete "free market" chaos, and everything will become wonderful, including full employment. And, trust us, if we're in charge, all of America's big power Jews and other brokers will kindly step back and let us rearrange the gaggle of monopolies, and repatriate the thousands of factories and industries that have been sent off to slave-labor colonies from Thailand to Shanghai to Honduras. Right.

308Winchester

Wherever "US" companies produce, somebody has to buy their stuff. China recently became the world's largest auto market. Will Chinese or Indians buy (or be allowed to buy) goods from an off-shored "US" company if domestic versions are available? "US" companies will either become Chinese or Indian companies or come home and sell (and in the only market they have left. Incidentally, the Libertarian argument against regulation is that a free market would allow the dice-rollers and their casino companies to go bankrupt. The dice-rollers would go to jail for fraud, they would be unemployable, and there would be no bailouts. Who wouldn't roll the dice if they thought Uncle Sugar would cover their losses but let them keep their winnings?

James Hallman

This is why our economy can never be completely unregulated contrary to what people like Glen Beck may want us to believe. We must take our financial institutions back from the Jews and create an American Nationalist economy that's 'free' and yet puts Americans first by freeing ourselves from the tremendous debt, dependence, and control of foriegn nations.

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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


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DixieDestroyer

The Globalist Elite (who control the Corporate World) have been hell-bent on destroying the American middle class via mass outsourcing and insourcing (of 3rd rate H-1B visa workers). It's a crying shame Americans don't arise against the traitors on "Crapitol sHill" who're selling us down the river! http://www.numbersusa.com

James Hallman

We need a Nationalist Economy. One that will put the American worker and consumer first. Which doesn't necessarilly mean having access to the cheapest product. We already have that. Unfortunately as it now stands it means having products full of mercury and other metals and chemicals that are poisoning our people because these countries, such as China and India, don't have the environmental and health standards that we do. And yet, our so-called leadership could care less as long as our people can buy cheap goods that will keep us happy and divert us from the fact that the things that really matter isn't getting any cheaper. Such as Medicine, Housing, Education, Food. And worst of all, we are compromizing the very integrity of our race to have cheap labor, all in the name of free trade and capitalism. Now don't get me wrong, Capitalism is the best economic system there is, but not at the expence of destroying the future of our people and nation. Land, business, and home ownership yes. The ability to work hard and succeed yes. The last thing we need is class warfare as in 'COMMUNISM'. But, I would be more than willing to pay a little extra if I thought the products I'm buying were made right here in the U.S.A and that my extra contribution meant 'AMERICAN WORKERS' being able to have a job that would pay a decent wage, with the possibility of being able to have health insurance without the 'GOVERNMENT' providing it. We can't allow the all mighty dollar, that is for all practical purposes controlled by the Jews, to rule over our lives. In a mixed Nationalist Economy, there would be sacrifices to be made on the part of every American consumer such as paying a little extra, but they would be sacrifices worth making. I can agree wth most of what the likes of Glen Beck has to say about making money but it our future can't be just about making a buck as he would have us believe.

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