… which comes out of profits and CEO salaries. NOW I understand.
By Jack E. Lohman
Employees are, very simply, not desirable. Especially high-priced ones. And they are all “high-priced” when compared to China and India’s, so outsourcing becomes a business decision.
But how good is that decision if they have left behind a population that can’t afford their product? For short-term CEOs it doesn’t matter. Off-shoring to them adds wealth.
But off-shoring by itself is not the only cause of our downturn; technology and automated manufacturing by robots has contributed.
Newt Gingrich has it right…
Do NOT pay someone to sit at home sulking, mandate that they attend retraining classes in needed professions! Like engineering and health care and education. Either that, or sweeping city sidewalks!
How to pay for it? How about a temporary increase in high-end taxes?
And Mitt Romney has some good ideas…
He wants to cut any spending programs that benefits China!!! How about that?
But none — absolutely NONE — of these cuts will occur as long as our politicians are getting a piece of the action. He knows that, yet opposes public funding of campaigns. Go figure.