Global Economy? 23 Facts Which Prove That Globalism Is Pushing The Standard Of Living Of The Middle Class Down To Third World Levels
source: http://theeconomiccollapseblog.com/archives/global-economy-23-facts-which-prove-that-globali...
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- Revelation1217
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From now on, whenever you hear the term "the global economy" you should immediately equate it with the destruction of the U.S. middle class. Over the past several decades, the American economy has been slowly but surely merged into the emerging one world economic system. Unfortunately for the middle class, much of the rest of the world does not have the same minimum wage laws and worker protections that we do. Therefore, the massive global corporations that now dominate our economy are able to pay workers in other countries slave labor wages and import the products that they make into the United States to compete with products made by "expensive" American workers. This has resulted in a mass exodus of manufacturing facilities and jobs from the United States.
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Milieu
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"By merging our labor pool with the rest of the world, we have also merged our standard of living with the rest of the world. High unemployment is rapidly becoming "the new normal" in America, and wages are going to continue to decline in many, many industries."
That's the key.
What I wonder about is how can shipping all the manufacturing jobs and those industries overseas be good for the security of the U.S.?
WE depend on all our technology from countries who aren't exactly our friends?
This is a good thing?
- 1 year ago
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Milieu
