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Monday, December 29, 2003



Who Is This US Economy Really Working For?

Most of the millions of white-collar workers who could be affected by "Offshoring" and "outsourcing" over the next several years are clueless as to what they can do about it. They do not have organized representation in the workplace. And government policies overwhelmingly favor the corporations. Like the employees at I.B.M. whose holiday cheer has been dampened by uncertainty, these hard-working men and women and their families have little protection against the powerful forces of the global economy.

The outsourcing of good jobs has been under way for years, and there is no dispute that the practice is speeding up. "Anything that is not nailed to the floor is being considered for outsourcing," said Thea Lee, the chief international economist for the A.F.L.-C.I.O.

Bob Herbert in The New York Times, Bracing for the Blow

Years ago, when concern was being expressed about the shipment of factory jobs to places with slave wages, hideous working conditions and even prison labor, proponents said there was nothing to worry about. Exporting labor-intensive jobs would make U.S. companies more competitive, leading to increased growth and employment, and higher living standards. They advised U.S. workers to adjust, to become better educated and skillful enough to thrive in a new world of employment, where technology and the ability to process information were crucial components.

Well, the workers whose jobs are now threatened at I.B.M. and similar companies across the U.S. are well educated and absolute whizzes at processing information. But they are nevertheless in danger of following the well-trodden path of their factory brethren to lower-wage work, or the unemployment line. 

Meanwhile, from Digby:

The result is that already-wealthy people will be able to obtain vast quantities of investment-driven income without paying any taxes on it. As John Edwards has been saying -- to little avail -- on the trail, the idea is to move from a society that rewards work to one that rewards wealth.

This "Ownership Society" gambit is another of those slick sell jobs that Americans love to buy into since it gives them an illusion of guaranteed upward mobility by dint of their own special talent and superior moral values. Most people would rather hear that, I'm afraid, than hear that they are a bunch of rubes who've been sold down the river by a rich, elitist snake oil salesman. It will take a serious economic catastrophe to get people to admit that their belief in the "low-taxes-will-make- you-rich" American Dream was a scam.

Not to worry.  People of unsullied reputation will still be able to fight over good jobs as maids, butlers, and gardeners.

[Via Welcome To The Sideshow



categories: Politics
Other Stories according to Google: Is the US economy really growing too slowly? | Is the US Economy Really Growing Too Slowly? Maybe We’re | SPECIAL REPORT ON THE US ECONOMY : The $44 Trillion Abyss | Working Papers ( Economic and Fiscal Info) | Online NewsHour: Money Matters- February 1, 2000 | Online NewsHour: Economic Snapshot -- January 4, 2002 | EconPapers: Is US economic performance really that bad? | geoffrey kirkman's blog: Is the New Economy really the answer? | Are sanctions really working ? --free trade, unilateral and | Boston.com / News / Nation / Flickers of job growth seen


2:33:40 PM    


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