The reality is that no matter how tough, smart, how educated or how industrious American workers are, they just cannot contend with people who are frantic to put in 10 to 12 hour days at less than a dollar an hour on the other part of the world. After all, what corporation in their right mind is going to give an American worker 10 times more to do same job? The world is basically changing (Ehrenreich, 123). Prosperity and supremacy are rapidly becoming chromed at the top and the large global corporations are making huge amounts of money. Meanwhile, the American middle class is being steadily wiped out of existence as U.S. employees are slowly being fused into the new “global” labor pool.
Editor of theeconomiccollapseblog.com, Mr. Michael Snyder, questions what do most Americans have to present in the market instead of their labor? Not much. The reality is that most Americans are utterly dependent on someone else offering them a job. But today, U.S. workers are “less appealing” than ever. American employees are very costly compared to the rest of the world and the government keeps on fleeting more policy and regulations apparently on a monthly basis that makes it even trickier to carry out business in the United States (Ehrenreich, 137).
Hence, corporations are shifting operations out of the U.S. at breathtaking rate. Since the U.S. government does not punish them for doing so, there really is no inducement for them to stay. Ehrenreich (161) asserts that that has occurred is a situation where the people at the peak are doing quite well, while most Americans are finding it more and more difficult to make it. There are now about six jobless Americans for every new job gap in the United States, and the number of “constantly unemployed” is absolutely soaring.
Elizabeth Warren, 2006 states that the truth is the middle class in America is dying — and once it is gone it will be extremely difficult to rebuild. It’s only usual that if this is your belief then you go globally to the cheapest labor supply, which usually turn out to be the poorest nations, then sell to more flourishing countries at a profit. But here in the ‘crisis’ once one company makes this shift to cheap labor their competitors are forced to do the same or go out of trade. It should be therefore apparent at this point that capitalism has no role in to any nation. I’m not saying this is good or bad. I’m just making the observation.