Trickle Down Stupidity
 

Broken recovery: Taxes are low and corporate profits are high, but nothing is trickling down to the American worker

http://trendsupdates.com/wp-content/...eaganomics.jpg

What makes this "recovery" so different? Perhaps the simplest answer is that labor has been broken as a force that can put pressure on management, so there's little incentive for employers to turn profits into wage hikes or new jobs. Instead, employers are squeezing more out of the workers that they've got, and investing in equipment upgrades and new technology instead of human assets -- labor productivity has risen sharply since the end of the recession.

Globalization also plays a potent role -- and not just as a source of cheap labor to undermine the bargaining power of American workers. The Journal notes that many companies "are benefiting from demand from emerging markets, where they are deriving an increasing share of their sales." Job creation is probably following the sources of new demand. If the Chinese and Brazilians and Indians are the ones buying American goods and services, then it makes sense to staff up overseas. But with American consumers still shellshocked by the economic crash and dutifully obsessed with paying down their debts while trying to hold on to their homes, domestic demand is hardly a force to be catered to.

Full story here...

http://www.salon.com/technology/how_...ly_side_coffin

I just don't understand why a company would hire an American who wants $20 an hour when they could hire a Chinese person and they would only want $2 an hour + (and this is the important part) work 20x faster and more efficiently than the American. If Americans stopped being lazy it wouldn't be such a problem but as it is today Americans live by the 'do the least amount of work I can' whereas Chinese people see honor in putting in a good day's work for their company.

Wow, talk about generalizations!

China is cheap because it is a government controlled cesspool. Once it becomes more civilized all of their rates and costs will rise as well.

There are plenty of ways to move forward, but our greedy US Corporate Overlords seem to think the only way to compete is to level the playing field, backwards! NO minimum wage, NO workers rights, No child labor laws, NO healthcare, NO penalties for relocating out of the US, NO penalties for hiring foreign workers, NO unions, etc.

If the US worker bees can be beaten down far enough, then the US can have a big cheap labor pool too... just like China!

Look, China's clean coal technology is on the cutting edge!...

http://i.treehugger.com/images/2007/...68_burning.jpg

What are China's child labor laws again?

http://scrapetv.com/News/News%20Page...ld-workers.jpg

And THIS is what the US needs to compete with?!

I totally agree with this particular post.




.:2 cents:

WTF??? :helpme:helpme:helpme

one of your better threads, slippery sam.

Ironically, if you hate the current system, support the republican proposal to default on the debt. A huge crash can only hurt the rich at this point. The middle class is already fucked.

Amazingly people forget companies like people become a whole lot more lean and effecient in tuff times thus profits go up because they are doing more with less. Alof of companies now see they were wasting money on employees that didnt add shit to the bottom line and could have made more with fewer. Also you have to factor in technology in taking a lot of jobs once done by hand or manually are done with robotics, software, etc and if any jobs are replaced for said jobs its at a lower pay level because the heavy lifting is now automated.

yeah. hiring americans over chinese children. what a waste of money :thumbsup

Wealth from the top almost never trickles down, but you can bet the farm that a financial disaster at the top will DEFINITELY trickle down! :2 cents:

The problem is that the bigger players are no longer loyal to America at all. They are now multi-nationals, bleeding each country on the planet for whatever they can grab.