As I was driving the hour commute back home this evening from visiting my wife in the hospital, I was in somewhat of a melancholy mood, and got around to thinking of the sad state of the US economy with respect to the average working person. What I mean by that, (average), is the majority of ‘normal’ working folks, middle class, middle age – maybe younger, and how I believe that so many of them have been sold down the river, so-to-speak, and are finding it more and more difficult to make ends meet.
They may be in debt over their heads, many of them with mortgages that are ‘under water’ (worth less than what they paid for) since the bubble burst and home price drop during 2008-2011, getting more work dumped on them at their jobs, expected to work more, and more pressures and stress while management continues to squeeze out more costs to maintain profits that are suitable for them or their stock holders.
It got me to thinking about the working class versus the upper classes, while knowing, and having experienced what has been occurring in the corporate world particularly during the past decade… that is – the outsourcing of jobs (especially manufacturing jobs) at the expense of the US worker, while the companies themselves become more and more global (and profitable) rather than simply national – while at the same time successfully lobbying government for favorable laws enabling the continuation of global corporate profits. Of course, Wall Street loves this, the notion of which is ironically supported in an indirect/direct way by the workers themselves who have 401K-plans.
If the philosophy of global leverage of cheap labor is carried out to it’s end, it will simply eventually equalize world wages, while the poor countries get pulled up (eventually) and the middle and upper earning countries get brought down, until they all meet somewhere near the middle – eventually.
But here’s the kicker… for people (working middle class) in the US and similar, they will and are getting screwed. The people that make the products, the people that service the products, even some of the people that design, engineer, and market the products. During the global equalization process, most all of their wages go down over time (relative to cost of living), while the corporate bosses, CEO’s CFO’s, etc… all reap more and more profits.
The process itself, if allowed to continue, will take quite a long time to equalize, given the number of people on this planet and the potential for leveraging up-and-coming populations for their willingness to work for a fraction of what established populations will work for.
I have directly witnessed the corporate practice of not only manufacturing products outside of the US in countries like China for pennies on the dollar, but these same companies will hire engineers and other ‘skilled’ labor from poor countries like India (and others) who will work and hire for a fraction of an equivalently trained US engineer. I have nothing against an engineer from India, but I am entirely against the practice of US companies going out of their way to take full advantage of their willingness to work for much less, while the US worker gets screwed and is forced to work for less. (Nothing against India – just using this as an example, and one that I’ve witnessed many times more than once, to illustrate a general issue)
All I’m saying is that globalization is hurting many workers and families in countries like the US (and others similar) while the government itself is in complete cooperation with the corporations, and ‘big money’.
Nationalism is apparently dead.
I am all for countries pulling themselves up – this is the natural way of human nature. Instead, I’m having a real problem with the greed of the global elite who hoard the profits.
After all, most companies will not exist unless the people on the street buy their product. It all starts with the local people, having the money, to buy the product. When you go far outside of ‘local’, you tend to break the system.
Even though the number of ‘workers’ vastly outnumber that of the executive corporate class, the problem is, the workers are in debt, slaves – while the executive class is rolling in the green.
It is a sad situation indeed.
end of message
If you enjoyed this, or topics of survival preparedness or current events risk awareness,
check out our homepage articles…