From: Spudboy100@aol.com
Date: Tue Jun 10 2003 - 10:45:25 MDT
Rafal said:
<<### This is incorrect - almost all Americans benefit from the globalization
of the labor market by being able to buy services and products at a lower
price. Additionally, the foreign employees of American companies benefit
from American capital and knowledge, which enables them to purchase globally
produced goods.
Freedom is good for you.
Rafal>>
If one has a high-paying job one can, indeed benefit from globalization. On
the other hand, if hundreds of thousands of high-paying jobs go overseas, and
those being paid are paid at a tenth the wage-level that the American IT
workers were paid at; there is no way that they, as the "new" workers can ever
afford goods and services offered by American companies.
In essence, the "new country" employees are not part of the American economic
cycle. Its not, as if, the Parent company which off-shores these jobs,
invests in many new jobs in the US. Why should they, if goods and services are so
inexpensive overseas? This also leads to the de-stablization of American
society because skilled jobs are no longer to be had, because of the corporation's
cost savings. This can't be a good thing and is already and election issue and
a "class warfare" issue as well.
Mitch
This archive was generated by hypermail 2.1.5 : Tue Jun 10 2003 - 10:59:58 MDT