Forty Million High-Skilled Jobs Headed Over Seas
The neoliberal free traders are finally letting the cat out of the bag. High skilled jobs are to be outsourced. Even a free trader like Alan Blinder of Princeton is taken aback.
The master plan, it seems, is to move perhaps 40 million high-skill American jobs to other countries. U.S. workers have not been consulted.
Princeton economist Alan Blinder predicts that these choice jobs could be lost in a mere decade or two. We speak of computer programming, bookkeeping, graphic design and other careers once thought firmly planted in American soil. For perspective, 40 million is more than twice the total number of people now employed in manufacturing.
Blinder was taken aback when, sitting in at the business summit in Davos, Switzerland, he heard U.S. executives talk enthusiastically about all the professional jobs they could outsource to lower-wage countries. And he's a free trader LINK
There is no other outcome possible from unfettered globalization than to reduce wages in the US and a destruction of the middle class. They started with low tech jobs but in the end they will outsource anything that will improve the corporate bottom line.
The multinational corporations have no loyalty except to the bottom line and their compensation.