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Friday, August 29, 2014

What happened to American Labor...


The Wall Street Journal reports that profits for major corporations are at an all time high, as are employment numbers. The same story in today's journal reports that the rise in employment is overseas, not the US, and that profits come from low cost labor, automation and lower cost (quality) goods. Why do we still believe in trickle down Republican economics when the facts are so clear that for the benefit of investors and paychecks of CEO's corporations are investing against America in overseas markets and using us as consumers instead of partners in labor and quality products.

4 comments:

Anonymous said...

Madison harper com 101 4044
I don't understand what being catholic has to do with him not liking the republicans "talk about the poor". This is another example how people can't keep religion and politics separate.

Anonymous said...

I will never understand why anyone in the working class would vote Republican. I can only believe that it is due to lack of education. These peopl are the backbone of the middle class and, in essence, America. It's scary to think the divide between rich and poor continues to expand.

John Williams
COM 101 Sec 4049

Anonymous said...

Jeff (Phoenix HUM/114) This statement goes to show just how we as a nation are oblivious to what they are doing. We complain about jobs being sent over seas and jobs lost in America, however we still buy the foreign goods. If we ever want to be true Americans again we need to get rid of politics and take matters into our own hands. Stop the sniveling and start buying American made products! When the profits from the cheap over sea labor diminishes and the CEO's start to realize we as a nation are not going to put up with their crap we will truly end the economic earthquake!

Anonymous said...

Has anyone ever heard of "Lean"? It is a production philosophy to preserve value with less work by being more efficient and decreasing waste. It was modeled after Toyota. It makes me think of that 80's movie Gung Ho. And more than 20 years after Ron Howard poked fun at the lazy Americans and crazy regimented Asians, it seems as though the American way has become "how much can I get for doing a minimal amount of work". Corporations do have to answer to their shareholders and when Americans choose not to work as hard and become more demanding they move the jobs overseas.

Martina - Phoenix HUM/114