Friday, November 21, 2008

The Great Sucking Sound

Almost everyone knows someone who has lost a job because of the economy. What started out as a trickle ten years ago has turned into a tidal wave today. That Great Sucking sound of job losses that Rose Perot predicted has become deafening. It started with manufacturing and general labor then spread to accounting, computers, and finally the financial sector. Businesses are in love with cheap labor, the cheaper the better and they will go to the ends of the earth to find it.
Everyone loves a bargain is the primary reason jobs go over seas. Even though the quality is not as good as we can produce in America the labor cost differential more than makes up for the lesser quality. America simply can not compete in the global labor market due to our high cost of living. In a lot of countries of American offshore labor, $9 an hour gets you a lifestyle of a king but in America $9 an hour assures you a spot in the working underclass who's living standards are shrinking at an astonishing rate. Housing prices, food, utilities and the rest of indispensable mandatory cost are rising so fast it does not take much of a brain to know things are going to get a lot worse.
America will either have to accept job insecurity and continue to be a nation of haves and have nots with nothing in between or give up on the globalizing of the work force. Forcing Corporate America to do the latter is like asking a crack head to give up crack, its not going to happen.

1 comment:

  1. Anonymous1:35 PM

    Maybe Just Maybe
    the American workers have priced their self out of jobs..with all the strong unions in this country...

    ReplyDelete

Note: Only a member of this blog may post a comment.