11.20.2004

America's Middle Class Becomes the New Working Poor The Washington Dispatch (11/01)

In the past ten years, American jobs screamed out of the United States at an accelerating rate of speed. While American workers stood in unemployment lines, major corporations insourced, outsourced and offshored jobs to Third World countries. Why? They could obtain labor for $1.00 an hour and sometimes less.  Capitalism knows no loyalty to man, beast or country.

At the high end, Congress offered hundreds of thousands of H-1B and L-1 visas that displaced 890,000 American high tech workers out of jobs while importing cheap labor from overseas.


Oh that doesn't sound good. Maybe the virtuous Bush Administration will come to our aid...
Halliburton, formerly run by Vice President Dick Cheney as its CEO, enjoys 45 subsidiaries in offshore tax havens. Halliburton is helping reconstruct Iraq with $73 million in equipment and services. The only caveat stems from working as a civilian employee with Halliburton in Iraq might find you with your head on a platter. However, stockholders make millions.

[snip]

"Congress, the President and journalists sit around like outsourcing is some incurable disease and they cannot fix it," said Paul Streitz, an industry watchdog. "It is not. They say outsourcing is driven by the need for firms to stay "competitive." But to stay competitive means lowering costs and raising profits for stockholders and key executives. The additional savings are not passed on to customers. No study has ever shown that those companies using outsourcing are charging lower prices. A chief justification for this abomination."

If this trend is any indication, and it is, the best days of America's working class fade in the rearview mirror. Americans compete with 1.3 billion Chinese and 1.1 billion Indians whose medium income teeters at $2,000.00 a year. They will work for $5.00 a day whereas Americans must make at least $15.00 an hour to maintain a decent standard of living.


Or maybe not.

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