http://sideshow.me.uk/smar05.htm#111445-snip-
It takes a pillage
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America's remaining job market is domestic nontradable services. While India and China develop first world job markets, the US labor market takes on the characteristics of a third world work force. Only jobs that cannot be outsourced are growing.
America is turning into one of those "exotic" places you go to for your vacation. That's what "service economy" means. Just one great big giant tourist trap, full of desperate people hustling for tips.
How bad will things have to get before economists realize that outsourced jobs are not being replaced? Indeed, many American companies are ceasing to have any presence in the US except for a sales force.
Cisco's CEO, John Chambers, declared recently: "What we're trying to do is outline an entire strategy of becoming a Chinese company."
Tom Street at Bad Attitudes says:
Chambers is just being honest about what all the major corporations are doing. It's not just the brawn. It's the brains and the heart that are being outsourced.
Doesn't this just make the debate about social security akin to rearranging the deck chairs on the titanic? Can't say I wish I were in my 20s about now.
Paul Craig Roberts wondered when economists would notice this was going on, but can they really not know? Or aren't they all just in on the joke?
The other question I really, really wish would be asked in every pundit interview is this:
What have they promised you for helping them destroy our country?
You can aim that question not just at the Republicans and their more obvious shills, but at most of the media and of course at the DLC. Maybe that's the real letter-writing campaign we should be launching.
Update: Charles Dodgson informs us that it's even worse than I thought.
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