Home › Forums › Financial Markets/Economics › PIIGS R’ us?
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July 17, 2011 at 4:37 PM #711472July 17, 2011 at 7:04 PM #710268alarmclockParticipant
[quote=CA renter]
I want to buy a new washing machine, and cannot find one made in the USA, even though I’m willing to pay 2-3X what a foreign-made one costs.
By all means, people in developing nations should be free to improve their lot in life, but it should not be on the backs of American workers.[/quote]
Two points
* We are in the middle of a multi-decade process where SE Asia and the US will come into relative economic parity courtesy of globalization. You can “they took er jerbs” all day long, but it was inevitable that the global wealth distribution would have occurred through some mechanism. Rest assured, “er jerbs” will come back, if for no other reason than the fact that their shit takes too long to get here.
* If you believe there’s a large untapped market for ‘made in america’ (people such as yourself), you should capitalize on this in some fashion. I think, though, that you’d agree that this is a losing proposition. Thus the situation as it stands right now.
July 17, 2011 at 7:04 PM #710366alarmclockParticipant[quote=CA renter]
I want to buy a new washing machine, and cannot find one made in the USA, even though I’m willing to pay 2-3X what a foreign-made one costs.
By all means, people in developing nations should be free to improve their lot in life, but it should not be on the backs of American workers.[/quote]
Two points
* We are in the middle of a multi-decade process where SE Asia and the US will come into relative economic parity courtesy of globalization. You can “they took er jerbs” all day long, but it was inevitable that the global wealth distribution would have occurred through some mechanism. Rest assured, “er jerbs” will come back, if for no other reason than the fact that their shit takes too long to get here.
* If you believe there’s a large untapped market for ‘made in america’ (people such as yourself), you should capitalize on this in some fashion. I think, though, that you’d agree that this is a losing proposition. Thus the situation as it stands right now.
July 17, 2011 at 7:04 PM #710965alarmclockParticipant[quote=CA renter]
I want to buy a new washing machine, and cannot find one made in the USA, even though I’m willing to pay 2-3X what a foreign-made one costs.
By all means, people in developing nations should be free to improve their lot in life, but it should not be on the backs of American workers.[/quote]
Two points
* We are in the middle of a multi-decade process where SE Asia and the US will come into relative economic parity courtesy of globalization. You can “they took er jerbs” all day long, but it was inevitable that the global wealth distribution would have occurred through some mechanism. Rest assured, “er jerbs” will come back, if for no other reason than the fact that their shit takes too long to get here.
* If you believe there’s a large untapped market for ‘made in america’ (people such as yourself), you should capitalize on this in some fashion. I think, though, that you’d agree that this is a losing proposition. Thus the situation as it stands right now.
July 17, 2011 at 7:04 PM #711120alarmclockParticipant[quote=CA renter]
I want to buy a new washing machine, and cannot find one made in the USA, even though I’m willing to pay 2-3X what a foreign-made one costs.
By all means, people in developing nations should be free to improve their lot in life, but it should not be on the backs of American workers.[/quote]
Two points
* We are in the middle of a multi-decade process where SE Asia and the US will come into relative economic parity courtesy of globalization. You can “they took er jerbs” all day long, but it was inevitable that the global wealth distribution would have occurred through some mechanism. Rest assured, “er jerbs” will come back, if for no other reason than the fact that their shit takes too long to get here.
* If you believe there’s a large untapped market for ‘made in america’ (people such as yourself), you should capitalize on this in some fashion. I think, though, that you’d agree that this is a losing proposition. Thus the situation as it stands right now.
July 17, 2011 at 7:04 PM #711477alarmclockParticipant[quote=CA renter]
I want to buy a new washing machine, and cannot find one made in the USA, even though I’m willing to pay 2-3X what a foreign-made one costs.
By all means, people in developing nations should be free to improve their lot in life, but it should not be on the backs of American workers.[/quote]
Two points
* We are in the middle of a multi-decade process where SE Asia and the US will come into relative economic parity courtesy of globalization. You can “they took er jerbs” all day long, but it was inevitable that the global wealth distribution would have occurred through some mechanism. Rest assured, “er jerbs” will come back, if for no other reason than the fact that their shit takes too long to get here.
* If you believe there’s a large untapped market for ‘made in america’ (people such as yourself), you should capitalize on this in some fashion. I think, though, that you’d agree that this is a losing proposition. Thus the situation as it stands right now.
July 17, 2011 at 8:05 PM #710278eavesdropperParticipant[quote=carlsbadworker][quote=CA renter]
They are “our” jobs because the multinationals want to sell to us — we are still the most profitable market to them. We’re not talking about jobs that require math skills, but traditional manufacturing jobs. We used to make our own goods right here in the USA, and they were better and longer-lasting than the cheap, plastic, toxic crap that we now get from China.The only reason OUR jobs have gone overseas is because labor is dirt cheap (and no pesky worker protections there, either) and environmental protections are almost non-existent. Let’s not fool ourselves here — the jobs have been going overseas in order to increase corporate margins. Americans are NOT getting any benefits from this “globalization,” so there is no need for us to continue with this failed experiment.
If they want to sell to us, then they need to employ us. No more games with debt masking our shrinking standard of living and reduced purchasing power. It’s really that simple.[/quote]
‘If they want to sell to us, then they need to employ us.” Who is us? American consumers have voted with their wallets on how they want the corporate America to conduct the business.
Yes, dirt cheap labor with no worker protection. But that’s exactly the reason they are entitled to these jobs, because workers there are tolerating such “abuses” in order to create a brighter future for themselves. If you think people who have that kind of spirit are less entitled to the jobs comparing to a bunch of whining American, and condemn these people to be jobless instead, I have nothing else to argue about with you.[/quote]
Carlsbadworker, you paint a pretty picture, but in many cases, workers there tolerate the abuses to simply survive. If you equate not starving to death with “a brighter future”, then you have a point. In addition, there are tremendous political pressures at work in many of these countries: the presence of these people in these jobs does not necessarily represent a “choice” to do so.
I did not infer from reading CAR’s posts that she believed that non-American workers are not entitled to their jobs, but that American companies who benefit from their sales to Americans should not be so cavalier about their level of offshoring (let me know if I’m not interpreting your post accurately, CAR). While I don’t necessarily believe that selling to US residents requires employment of those residents, there’s a bit more at work here.
Many of these corporations engaging in wholesale offshoring pride themselves on their identification as “American” corporations. They play the “American pride” card (ad nauseum, in some cases) in their marketing efforts, and they clearly benefit from that on a global level. They also benefit greatly from their ability to operate as a company from a nation that has a high level of relative political stability, and a well-developed legal system. Many benefit, directly or indirectly, from taxpayer-funded military protection. And while many of them have high sales in a multitude of other countries, the relatively high incomes of Americans ensure the companies’ ability to charge higher per-unit wholesale and retail prices on their sales here.
We do have a very special thing going on in America which is the overwhelming reason so many people from other nations risk everything to come here. Millions of people have struggled, fought, and died to create the flawed but free nation that we have in America. If the current economic trend is not reversed, there is no question that the survival of what has been built over the past few hundred years will be in serious jeopardy.
As far as I’m able to see, the successful American corporations of today were able to achieve their success both to the opportunities afforded them by our nation, and to the efforts of their workers in the early, more precarious periods of their existence. So, if you’ll permit me to paint my own pretty (and perhaps naive) little picture, I’ll venture to say that if corporations are going to claim the identity of “American”, they need to behave as such, and fight for their country. Otherwise, they need to denounce their citizenship – legally, and not simply in deed, as they have been doing in their offshoring activities for the past 40 years.
I understand that corporations are not supposed to be charitable organizations, and that profits are an integral part of a corporation’s operations — the purpose of its existence. But today’s American corporations are stealing vast amounts from the treasury and the taxpayer, while simultaneously exploiting the economic and political powerlessness of the world’s poor. As CAR mentioned, the reasons these jobs have gone overseas is the low labor costs and lack of governmental oversight. I don’t know if you’re one of those who endorses lower (or nonexistent) corporate tax rates. If you are, I have to ask if you really believe that lowering the tax rate of a company who, thanks to loopholes and deductions, pays very little or no income tax on profits will keep jobs here in the United States. After all, how can we compete with the labor wages in Sri Lanka, in China, in Chile, Pakistan, Brazil, Russia?
I may be doing so in error – and please tell me if that is the case – but I’m going to assume that the “bunch of whining Americans” you are referring to are those who are paid federally-mandated minimum wage ($7.25) and up. In contrast, of the top 20 countries to which jobs are sent, the highest hourly minimum wage is $2.19 (This is Chile, who, in their effort to prove “business-friendly”, offers corporations the option to hire children for only $1.63 per hour, should the $2.19 per hour rate create too detrimental an impact on profits). However, Chile is an exception, as 13 countries out of the 20 offer minimum wage rates of less than $1.00/hr.; 3 of those are under 50 cents an hour.
I realize that you might infer that I have ultra-liberal views on labor issues. I prefer to think that I have practical views. For instance, I’ve tried to create a workable budget based on the very generous minimum wage rate of $7.25 an hour, and have had little success in doing so. If you have managed, I would be very interested in seeing the results. But I have to ask: if you have children, how would you feel about your 26 year-old going to work 6 days a week, 10 hours per day, and making $131, before taxes? That’s in Chile, where they have it good; if he was in Sri Lanka, the pre-tax amount would be $21.60. By the way, if he’s been to college, that will help: in some ex-Communist bloc countries, college grads start at $2.85 an hour.
I agree that our current fiscal and labor crises are extraordinarily complex, and multidimensional in their root causes and development. I certainly concur that there are those of us with unrealistic expectations and lack of motivation. However, one of the two definitive reasons for offshoring jobs is the low labor costs offered by other nations. To this day, this fact has not been openly and loudly acknowledged by our government or by the corporations taking part in it. The American taxpayer is getting screwed by the corporations giving their jobs away, and by the government who continues to refuse to call the corporations out on it.
July 17, 2011 at 8:05 PM #710376eavesdropperParticipant[quote=carlsbadworker][quote=CA renter]
They are “our” jobs because the multinationals want to sell to us — we are still the most profitable market to them. We’re not talking about jobs that require math skills, but traditional manufacturing jobs. We used to make our own goods right here in the USA, and they were better and longer-lasting than the cheap, plastic, toxic crap that we now get from China.The only reason OUR jobs have gone overseas is because labor is dirt cheap (and no pesky worker protections there, either) and environmental protections are almost non-existent. Let’s not fool ourselves here — the jobs have been going overseas in order to increase corporate margins. Americans are NOT getting any benefits from this “globalization,” so there is no need for us to continue with this failed experiment.
If they want to sell to us, then they need to employ us. No more games with debt masking our shrinking standard of living and reduced purchasing power. It’s really that simple.[/quote]
‘If they want to sell to us, then they need to employ us.” Who is us? American consumers have voted with their wallets on how they want the corporate America to conduct the business.
Yes, dirt cheap labor with no worker protection. But that’s exactly the reason they are entitled to these jobs, because workers there are tolerating such “abuses” in order to create a brighter future for themselves. If you think people who have that kind of spirit are less entitled to the jobs comparing to a bunch of whining American, and condemn these people to be jobless instead, I have nothing else to argue about with you.[/quote]
Carlsbadworker, you paint a pretty picture, but in many cases, workers there tolerate the abuses to simply survive. If you equate not starving to death with “a brighter future”, then you have a point. In addition, there are tremendous political pressures at work in many of these countries: the presence of these people in these jobs does not necessarily represent a “choice” to do so.
I did not infer from reading CAR’s posts that she believed that non-American workers are not entitled to their jobs, but that American companies who benefit from their sales to Americans should not be so cavalier about their level of offshoring (let me know if I’m not interpreting your post accurately, CAR). While I don’t necessarily believe that selling to US residents requires employment of those residents, there’s a bit more at work here.
Many of these corporations engaging in wholesale offshoring pride themselves on their identification as “American” corporations. They play the “American pride” card (ad nauseum, in some cases) in their marketing efforts, and they clearly benefit from that on a global level. They also benefit greatly from their ability to operate as a company from a nation that has a high level of relative political stability, and a well-developed legal system. Many benefit, directly or indirectly, from taxpayer-funded military protection. And while many of them have high sales in a multitude of other countries, the relatively high incomes of Americans ensure the companies’ ability to charge higher per-unit wholesale and retail prices on their sales here.
We do have a very special thing going on in America which is the overwhelming reason so many people from other nations risk everything to come here. Millions of people have struggled, fought, and died to create the flawed but free nation that we have in America. If the current economic trend is not reversed, there is no question that the survival of what has been built over the past few hundred years will be in serious jeopardy.
As far as I’m able to see, the successful American corporations of today were able to achieve their success both to the opportunities afforded them by our nation, and to the efforts of their workers in the early, more precarious periods of their existence. So, if you’ll permit me to paint my own pretty (and perhaps naive) little picture, I’ll venture to say that if corporations are going to claim the identity of “American”, they need to behave as such, and fight for their country. Otherwise, they need to denounce their citizenship – legally, and not simply in deed, as they have been doing in their offshoring activities for the past 40 years.
I understand that corporations are not supposed to be charitable organizations, and that profits are an integral part of a corporation’s operations — the purpose of its existence. But today’s American corporations are stealing vast amounts from the treasury and the taxpayer, while simultaneously exploiting the economic and political powerlessness of the world’s poor. As CAR mentioned, the reasons these jobs have gone overseas is the low labor costs and lack of governmental oversight. I don’t know if you’re one of those who endorses lower (or nonexistent) corporate tax rates. If you are, I have to ask if you really believe that lowering the tax rate of a company who, thanks to loopholes and deductions, pays very little or no income tax on profits will keep jobs here in the United States. After all, how can we compete with the labor wages in Sri Lanka, in China, in Chile, Pakistan, Brazil, Russia?
I may be doing so in error – and please tell me if that is the case – but I’m going to assume that the “bunch of whining Americans” you are referring to are those who are paid federally-mandated minimum wage ($7.25) and up. In contrast, of the top 20 countries to which jobs are sent, the highest hourly minimum wage is $2.19 (This is Chile, who, in their effort to prove “business-friendly”, offers corporations the option to hire children for only $1.63 per hour, should the $2.19 per hour rate create too detrimental an impact on profits). However, Chile is an exception, as 13 countries out of the 20 offer minimum wage rates of less than $1.00/hr.; 3 of those are under 50 cents an hour.
I realize that you might infer that I have ultra-liberal views on labor issues. I prefer to think that I have practical views. For instance, I’ve tried to create a workable budget based on the very generous minimum wage rate of $7.25 an hour, and have had little success in doing so. If you have managed, I would be very interested in seeing the results. But I have to ask: if you have children, how would you feel about your 26 year-old going to work 6 days a week, 10 hours per day, and making $131, before taxes? That’s in Chile, where they have it good; if he was in Sri Lanka, the pre-tax amount would be $21.60. By the way, if he’s been to college, that will help: in some ex-Communist bloc countries, college grads start at $2.85 an hour.
I agree that our current fiscal and labor crises are extraordinarily complex, and multidimensional in their root causes and development. I certainly concur that there are those of us with unrealistic expectations and lack of motivation. However, one of the two definitive reasons for offshoring jobs is the low labor costs offered by other nations. To this day, this fact has not been openly and loudly acknowledged by our government or by the corporations taking part in it. The American taxpayer is getting screwed by the corporations giving their jobs away, and by the government who continues to refuse to call the corporations out on it.
July 17, 2011 at 8:05 PM #710975eavesdropperParticipant[quote=carlsbadworker][quote=CA renter]
They are “our” jobs because the multinationals want to sell to us — we are still the most profitable market to them. We’re not talking about jobs that require math skills, but traditional manufacturing jobs. We used to make our own goods right here in the USA, and they were better and longer-lasting than the cheap, plastic, toxic crap that we now get from China.The only reason OUR jobs have gone overseas is because labor is dirt cheap (and no pesky worker protections there, either) and environmental protections are almost non-existent. Let’s not fool ourselves here — the jobs have been going overseas in order to increase corporate margins. Americans are NOT getting any benefits from this “globalization,” so there is no need for us to continue with this failed experiment.
If they want to sell to us, then they need to employ us. No more games with debt masking our shrinking standard of living and reduced purchasing power. It’s really that simple.[/quote]
‘If they want to sell to us, then they need to employ us.” Who is us? American consumers have voted with their wallets on how they want the corporate America to conduct the business.
Yes, dirt cheap labor with no worker protection. But that’s exactly the reason they are entitled to these jobs, because workers there are tolerating such “abuses” in order to create a brighter future for themselves. If you think people who have that kind of spirit are less entitled to the jobs comparing to a bunch of whining American, and condemn these people to be jobless instead, I have nothing else to argue about with you.[/quote]
Carlsbadworker, you paint a pretty picture, but in many cases, workers there tolerate the abuses to simply survive. If you equate not starving to death with “a brighter future”, then you have a point. In addition, there are tremendous political pressures at work in many of these countries: the presence of these people in these jobs does not necessarily represent a “choice” to do so.
I did not infer from reading CAR’s posts that she believed that non-American workers are not entitled to their jobs, but that American companies who benefit from their sales to Americans should not be so cavalier about their level of offshoring (let me know if I’m not interpreting your post accurately, CAR). While I don’t necessarily believe that selling to US residents requires employment of those residents, there’s a bit more at work here.
Many of these corporations engaging in wholesale offshoring pride themselves on their identification as “American” corporations. They play the “American pride” card (ad nauseum, in some cases) in their marketing efforts, and they clearly benefit from that on a global level. They also benefit greatly from their ability to operate as a company from a nation that has a high level of relative political stability, and a well-developed legal system. Many benefit, directly or indirectly, from taxpayer-funded military protection. And while many of them have high sales in a multitude of other countries, the relatively high incomes of Americans ensure the companies’ ability to charge higher per-unit wholesale and retail prices on their sales here.
We do have a very special thing going on in America which is the overwhelming reason so many people from other nations risk everything to come here. Millions of people have struggled, fought, and died to create the flawed but free nation that we have in America. If the current economic trend is not reversed, there is no question that the survival of what has been built over the past few hundred years will be in serious jeopardy.
As far as I’m able to see, the successful American corporations of today were able to achieve their success both to the opportunities afforded them by our nation, and to the efforts of their workers in the early, more precarious periods of their existence. So, if you’ll permit me to paint my own pretty (and perhaps naive) little picture, I’ll venture to say that if corporations are going to claim the identity of “American”, they need to behave as such, and fight for their country. Otherwise, they need to denounce their citizenship – legally, and not simply in deed, as they have been doing in their offshoring activities for the past 40 years.
I understand that corporations are not supposed to be charitable organizations, and that profits are an integral part of a corporation’s operations — the purpose of its existence. But today’s American corporations are stealing vast amounts from the treasury and the taxpayer, while simultaneously exploiting the economic and political powerlessness of the world’s poor. As CAR mentioned, the reasons these jobs have gone overseas is the low labor costs and lack of governmental oversight. I don’t know if you’re one of those who endorses lower (or nonexistent) corporate tax rates. If you are, I have to ask if you really believe that lowering the tax rate of a company who, thanks to loopholes and deductions, pays very little or no income tax on profits will keep jobs here in the United States. After all, how can we compete with the labor wages in Sri Lanka, in China, in Chile, Pakistan, Brazil, Russia?
I may be doing so in error – and please tell me if that is the case – but I’m going to assume that the “bunch of whining Americans” you are referring to are those who are paid federally-mandated minimum wage ($7.25) and up. In contrast, of the top 20 countries to which jobs are sent, the highest hourly minimum wage is $2.19 (This is Chile, who, in their effort to prove “business-friendly”, offers corporations the option to hire children for only $1.63 per hour, should the $2.19 per hour rate create too detrimental an impact on profits). However, Chile is an exception, as 13 countries out of the 20 offer minimum wage rates of less than $1.00/hr.; 3 of those are under 50 cents an hour.
I realize that you might infer that I have ultra-liberal views on labor issues. I prefer to think that I have practical views. For instance, I’ve tried to create a workable budget based on the very generous minimum wage rate of $7.25 an hour, and have had little success in doing so. If you have managed, I would be very interested in seeing the results. But I have to ask: if you have children, how would you feel about your 26 year-old going to work 6 days a week, 10 hours per day, and making $131, before taxes? That’s in Chile, where they have it good; if he was in Sri Lanka, the pre-tax amount would be $21.60. By the way, if he’s been to college, that will help: in some ex-Communist bloc countries, college grads start at $2.85 an hour.
I agree that our current fiscal and labor crises are extraordinarily complex, and multidimensional in their root causes and development. I certainly concur that there are those of us with unrealistic expectations and lack of motivation. However, one of the two definitive reasons for offshoring jobs is the low labor costs offered by other nations. To this day, this fact has not been openly and loudly acknowledged by our government or by the corporations taking part in it. The American taxpayer is getting screwed by the corporations giving their jobs away, and by the government who continues to refuse to call the corporations out on it.
July 17, 2011 at 8:05 PM #711130eavesdropperParticipant[quote=carlsbadworker][quote=CA renter]
They are “our” jobs because the multinationals want to sell to us — we are still the most profitable market to them. We’re not talking about jobs that require math skills, but traditional manufacturing jobs. We used to make our own goods right here in the USA, and they were better and longer-lasting than the cheap, plastic, toxic crap that we now get from China.The only reason OUR jobs have gone overseas is because labor is dirt cheap (and no pesky worker protections there, either) and environmental protections are almost non-existent. Let’s not fool ourselves here — the jobs have been going overseas in order to increase corporate margins. Americans are NOT getting any benefits from this “globalization,” so there is no need for us to continue with this failed experiment.
If they want to sell to us, then they need to employ us. No more games with debt masking our shrinking standard of living and reduced purchasing power. It’s really that simple.[/quote]
‘If they want to sell to us, then they need to employ us.” Who is us? American consumers have voted with their wallets on how they want the corporate America to conduct the business.
Yes, dirt cheap labor with no worker protection. But that’s exactly the reason they are entitled to these jobs, because workers there are tolerating such “abuses” in order to create a brighter future for themselves. If you think people who have that kind of spirit are less entitled to the jobs comparing to a bunch of whining American, and condemn these people to be jobless instead, I have nothing else to argue about with you.[/quote]
Carlsbadworker, you paint a pretty picture, but in many cases, workers there tolerate the abuses to simply survive. If you equate not starving to death with “a brighter future”, then you have a point. In addition, there are tremendous political pressures at work in many of these countries: the presence of these people in these jobs does not necessarily represent a “choice” to do so.
I did not infer from reading CAR’s posts that she believed that non-American workers are not entitled to their jobs, but that American companies who benefit from their sales to Americans should not be so cavalier about their level of offshoring (let me know if I’m not interpreting your post accurately, CAR). While I don’t necessarily believe that selling to US residents requires employment of those residents, there’s a bit more at work here.
Many of these corporations engaging in wholesale offshoring pride themselves on their identification as “American” corporations. They play the “American pride” card (ad nauseum, in some cases) in their marketing efforts, and they clearly benefit from that on a global level. They also benefit greatly from their ability to operate as a company from a nation that has a high level of relative political stability, and a well-developed legal system. Many benefit, directly or indirectly, from taxpayer-funded military protection. And while many of them have high sales in a multitude of other countries, the relatively high incomes of Americans ensure the companies’ ability to charge higher per-unit wholesale and retail prices on their sales here.
We do have a very special thing going on in America which is the overwhelming reason so many people from other nations risk everything to come here. Millions of people have struggled, fought, and died to create the flawed but free nation that we have in America. If the current economic trend is not reversed, there is no question that the survival of what has been built over the past few hundred years will be in serious jeopardy.
As far as I’m able to see, the successful American corporations of today were able to achieve their success both to the opportunities afforded them by our nation, and to the efforts of their workers in the early, more precarious periods of their existence. So, if you’ll permit me to paint my own pretty (and perhaps naive) little picture, I’ll venture to say that if corporations are going to claim the identity of “American”, they need to behave as such, and fight for their country. Otherwise, they need to denounce their citizenship – legally, and not simply in deed, as they have been doing in their offshoring activities for the past 40 years.
I understand that corporations are not supposed to be charitable organizations, and that profits are an integral part of a corporation’s operations — the purpose of its existence. But today’s American corporations are stealing vast amounts from the treasury and the taxpayer, while simultaneously exploiting the economic and political powerlessness of the world’s poor. As CAR mentioned, the reasons these jobs have gone overseas is the low labor costs and lack of governmental oversight. I don’t know if you’re one of those who endorses lower (or nonexistent) corporate tax rates. If you are, I have to ask if you really believe that lowering the tax rate of a company who, thanks to loopholes and deductions, pays very little or no income tax on profits will keep jobs here in the United States. After all, how can we compete with the labor wages in Sri Lanka, in China, in Chile, Pakistan, Brazil, Russia?
I may be doing so in error – and please tell me if that is the case – but I’m going to assume that the “bunch of whining Americans” you are referring to are those who are paid federally-mandated minimum wage ($7.25) and up. In contrast, of the top 20 countries to which jobs are sent, the highest hourly minimum wage is $2.19 (This is Chile, who, in their effort to prove “business-friendly”, offers corporations the option to hire children for only $1.63 per hour, should the $2.19 per hour rate create too detrimental an impact on profits). However, Chile is an exception, as 13 countries out of the 20 offer minimum wage rates of less than $1.00/hr.; 3 of those are under 50 cents an hour.
I realize that you might infer that I have ultra-liberal views on labor issues. I prefer to think that I have practical views. For instance, I’ve tried to create a workable budget based on the very generous minimum wage rate of $7.25 an hour, and have had little success in doing so. If you have managed, I would be very interested in seeing the results. But I have to ask: if you have children, how would you feel about your 26 year-old going to work 6 days a week, 10 hours per day, and making $131, before taxes? That’s in Chile, where they have it good; if he was in Sri Lanka, the pre-tax amount would be $21.60. By the way, if he’s been to college, that will help: in some ex-Communist bloc countries, college grads start at $2.85 an hour.
I agree that our current fiscal and labor crises are extraordinarily complex, and multidimensional in their root causes and development. I certainly concur that there are those of us with unrealistic expectations and lack of motivation. However, one of the two definitive reasons for offshoring jobs is the low labor costs offered by other nations. To this day, this fact has not been openly and loudly acknowledged by our government or by the corporations taking part in it. The American taxpayer is getting screwed by the corporations giving their jobs away, and by the government who continues to refuse to call the corporations out on it.
July 17, 2011 at 8:05 PM #711487eavesdropperParticipant[quote=carlsbadworker][quote=CA renter]
They are “our” jobs because the multinationals want to sell to us — we are still the most profitable market to them. We’re not talking about jobs that require math skills, but traditional manufacturing jobs. We used to make our own goods right here in the USA, and they were better and longer-lasting than the cheap, plastic, toxic crap that we now get from China.The only reason OUR jobs have gone overseas is because labor is dirt cheap (and no pesky worker protections there, either) and environmental protections are almost non-existent. Let’s not fool ourselves here — the jobs have been going overseas in order to increase corporate margins. Americans are NOT getting any benefits from this “globalization,” so there is no need for us to continue with this failed experiment.
If they want to sell to us, then they need to employ us. No more games with debt masking our shrinking standard of living and reduced purchasing power. It’s really that simple.[/quote]
‘If they want to sell to us, then they need to employ us.” Who is us? American consumers have voted with their wallets on how they want the corporate America to conduct the business.
Yes, dirt cheap labor with no worker protection. But that’s exactly the reason they are entitled to these jobs, because workers there are tolerating such “abuses” in order to create a brighter future for themselves. If you think people who have that kind of spirit are less entitled to the jobs comparing to a bunch of whining American, and condemn these people to be jobless instead, I have nothing else to argue about with you.[/quote]
Carlsbadworker, you paint a pretty picture, but in many cases, workers there tolerate the abuses to simply survive. If you equate not starving to death with “a brighter future”, then you have a point. In addition, there are tremendous political pressures at work in many of these countries: the presence of these people in these jobs does not necessarily represent a “choice” to do so.
I did not infer from reading CAR’s posts that she believed that non-American workers are not entitled to their jobs, but that American companies who benefit from their sales to Americans should not be so cavalier about their level of offshoring (let me know if I’m not interpreting your post accurately, CAR). While I don’t necessarily believe that selling to US residents requires employment of those residents, there’s a bit more at work here.
Many of these corporations engaging in wholesale offshoring pride themselves on their identification as “American” corporations. They play the “American pride” card (ad nauseum, in some cases) in their marketing efforts, and they clearly benefit from that on a global level. They also benefit greatly from their ability to operate as a company from a nation that has a high level of relative political stability, and a well-developed legal system. Many benefit, directly or indirectly, from taxpayer-funded military protection. And while many of them have high sales in a multitude of other countries, the relatively high incomes of Americans ensure the companies’ ability to charge higher per-unit wholesale and retail prices on their sales here.
We do have a very special thing going on in America which is the overwhelming reason so many people from other nations risk everything to come here. Millions of people have struggled, fought, and died to create the flawed but free nation that we have in America. If the current economic trend is not reversed, there is no question that the survival of what has been built over the past few hundred years will be in serious jeopardy.
As far as I’m able to see, the successful American corporations of today were able to achieve their success both to the opportunities afforded them by our nation, and to the efforts of their workers in the early, more precarious periods of their existence. So, if you’ll permit me to paint my own pretty (and perhaps naive) little picture, I’ll venture to say that if corporations are going to claim the identity of “American”, they need to behave as such, and fight for their country. Otherwise, they need to denounce their citizenship – legally, and not simply in deed, as they have been doing in their offshoring activities for the past 40 years.
I understand that corporations are not supposed to be charitable organizations, and that profits are an integral part of a corporation’s operations — the purpose of its existence. But today’s American corporations are stealing vast amounts from the treasury and the taxpayer, while simultaneously exploiting the economic and political powerlessness of the world’s poor. As CAR mentioned, the reasons these jobs have gone overseas is the low labor costs and lack of governmental oversight. I don’t know if you’re one of those who endorses lower (or nonexistent) corporate tax rates. If you are, I have to ask if you really believe that lowering the tax rate of a company who, thanks to loopholes and deductions, pays very little or no income tax on profits will keep jobs here in the United States. After all, how can we compete with the labor wages in Sri Lanka, in China, in Chile, Pakistan, Brazil, Russia?
I may be doing so in error – and please tell me if that is the case – but I’m going to assume that the “bunch of whining Americans” you are referring to are those who are paid federally-mandated minimum wage ($7.25) and up. In contrast, of the top 20 countries to which jobs are sent, the highest hourly minimum wage is $2.19 (This is Chile, who, in their effort to prove “business-friendly”, offers corporations the option to hire children for only $1.63 per hour, should the $2.19 per hour rate create too detrimental an impact on profits). However, Chile is an exception, as 13 countries out of the 20 offer minimum wage rates of less than $1.00/hr.; 3 of those are under 50 cents an hour.
I realize that you might infer that I have ultra-liberal views on labor issues. I prefer to think that I have practical views. For instance, I’ve tried to create a workable budget based on the very generous minimum wage rate of $7.25 an hour, and have had little success in doing so. If you have managed, I would be very interested in seeing the results. But I have to ask: if you have children, how would you feel about your 26 year-old going to work 6 days a week, 10 hours per day, and making $131, before taxes? That’s in Chile, where they have it good; if he was in Sri Lanka, the pre-tax amount would be $21.60. By the way, if he’s been to college, that will help: in some ex-Communist bloc countries, college grads start at $2.85 an hour.
I agree that our current fiscal and labor crises are extraordinarily complex, and multidimensional in their root causes and development. I certainly concur that there are those of us with unrealistic expectations and lack of motivation. However, one of the two definitive reasons for offshoring jobs is the low labor costs offered by other nations. To this day, this fact has not been openly and loudly acknowledged by our government or by the corporations taking part in it. The American taxpayer is getting screwed by the corporations giving their jobs away, and by the government who continues to refuse to call the corporations out on it.
July 17, 2011 at 9:04 PM #710283jpinpbParticipanteavesdropper – well said. You’re my hero.
July 17, 2011 at 9:04 PM #710381jpinpbParticipanteavesdropper – well said. You’re my hero.
July 17, 2011 at 9:04 PM #710980jpinpbParticipanteavesdropper – well said. You’re my hero.
July 17, 2011 at 9:04 PM #711135jpinpbParticipanteavesdropper – well said. You’re my hero.
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