spiritguide
18th October 2012, 10:27
The title of the thread is the title for an article from the global research site. The article is lengthly but worth the read if you want to know really what we allowed our past government,media and economic institutions sell us.
Here is a lead in for the article....
The cause of all of the problems is the offshoring of Americans’ jobs. When jobs are moved offshore, consumers’ careers and incomes, and the GDP and payroll and income tax base associated with those jobs, go with them. When the goods and services produced for American markets by offshored labor are brought into the US to be sold, the trade deficit rises, and downward pressure is put on the dollar, pushing up domestic inflation. (On October 12, statistician John Williams (shadowstats.com) reported that “third-quarter wholesale inflation jumped to an annualized 6.2%.”)
Jobs offshoring is driven by Wall Street, “shareholder advocates,” the threat of takeovers, and by large retailers, such as Walmart. By cutting labor costs, profits go up.
It is that simple. However, as a result of sending American jobs to cheap labor countries, US consumer incomes go down. The end result is to destroy the domestic consumer market. What would have been US consumer income growth becomes instead profit growth for US corporations
Here is the link......
http://www.globalresearch.ca/america-r-i-p-death-of-the-middle-class-offshoring-of-american-jobs/5308637
Again a lengthly read but worth it if you want a clear picture of the corporation's rip off of the treasures of America.
:peace:
Here is a lead in for the article....
The cause of all of the problems is the offshoring of Americans’ jobs. When jobs are moved offshore, consumers’ careers and incomes, and the GDP and payroll and income tax base associated with those jobs, go with them. When the goods and services produced for American markets by offshored labor are brought into the US to be sold, the trade deficit rises, and downward pressure is put on the dollar, pushing up domestic inflation. (On October 12, statistician John Williams (shadowstats.com) reported that “third-quarter wholesale inflation jumped to an annualized 6.2%.”)
Jobs offshoring is driven by Wall Street, “shareholder advocates,” the threat of takeovers, and by large retailers, such as Walmart. By cutting labor costs, profits go up.
It is that simple. However, as a result of sending American jobs to cheap labor countries, US consumer incomes go down. The end result is to destroy the domestic consumer market. What would have been US consumer income growth becomes instead profit growth for US corporations
Here is the link......
http://www.globalresearch.ca/america-r-i-p-death-of-the-middle-class-offshoring-of-american-jobs/5308637
Again a lengthly read but worth it if you want a clear picture of the corporation's rip off of the treasures of America.
:peace: