US corporations sacrifice people
Millions of middle class jobs have been moved by the corporations abroad. These jobs now reside in China, India and in other countries where they provide employment to those people not to Americans.
Wall Street is energized about its profits. And it makes its profits by arbitraging labor.
So if you lay off an American worker who makes twenty dollars an hour and you hire in his place a Chinese or an Indian worker who earns one dollar an hour, you can put nineteen dollars an hour in your profit pocket.
And that is what has been going on for fifteen years.
Posted: 10:14:37 AM
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