The talking heads on CNBC keep talking about hiring more workers in America if they get all of those tax breaks and favorable treatment by the U.S. Government. Let corporations operate unfettered by regulations. But the regulators did ignore the regulations and the criminals on Wall Street and in banks and corporations across our land went on a crime spree that caused a global meltdown. Now American corporations are involved in the final steps toward the complete destruction of the middle class in the U.S.
Global Corporate America has been weaning itself off of the American economy the last few decades since profit levels weren’t acceptable here so “it has decoupled from the American middle class; its interests are now international rather than domestic.”
This decoupling in our economy over the last two decades was due to corporate America, led by Wal-Mart, kicking American workers in all categories out the door and replacing them with third world workers in China and other cheap wage countries. This resulted in enormous profits for American corporations and part time or permanent unemployment for Americans.
Corporations are now in the process of destroying the middle class literally by (Bill Gates) inviting millions of educated, skilled H-1B workers from Asia to become part of the new America. In addition, George W. Bush and now Barack Obama have been busy integrating North America into a trading region with governing institutions. That would include the populations of Mexico and Canada having the right to eventually “live and work” anywhere they desire on the continent.
The purpose is to lower the wages of American workers through the use of large numbers of foreign, especially Mexican employees, with little or no benefits. If you don’t like the pay, American corporations have the whole world to choose from. In addition to the millions of jobs lost to foreign workers engaged in manufacturing and other areas, small American businesses are now sending jobs overseas.
“These tend to be ‘knowledge-based’ jobs, from designing a simple website to doing financial research, in which the final work product can be delivered electronically.” And for less cost than in the U.S.
‘By 2015, U.S. companies will move 3.3 million jobs to offshore locations, accounting for $136 billion in wages. Many of those jobs will be in the information and communication technology sectors…”
“The Wall Street Journal reports…(April 19, 2011) that Corporate America isn’t doing its part to help bring America out of its economic malaise. The paper surveyed employment data by some of the nation’s largest corporations–General Electric, Caterpillar, Wal-Mart, Chevron, Cisco, Intel, Stanley Works, Merck, United Technologies, and Oracle–and found that they cut their workforces by 2.9 million people over the last decade while hiring 2.4 million people overseas.”
What did American corporations do after the economic collapse in 2008 when massive job losses were hurting American workers? During 2009 more than 70 senior executives attended the “2009 Strategic Outsourcing Conference” to talk about how to send (more) American jobs overseas.
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