http://www.filmsforaction.org/News/Worlds_richest_woman_would_prefer_to_pay_her_miners_2_an_hour/
Meet Gina Rinehart. Born Georgina Hope Hancock, Rinehart is heir to her father’s fortune built at Hancock Prospecting in Australia, where Rinehart remains as executive chair. Hancock Prospecting holds the rights to the world’s largest iron ore deposit and has made Rinehart the richest woman in the world, sitting on a fortune of almost $30 billion USD.
Yesterday, Rinehart lost her cool.
Asia’s richest woman, mining magnate Gina Rinehart, warned on Wednesday that Australia was becoming too expensive for mining firms which she said could hire workers for under $2 a day in Africa.
Rinehart’s comments, promptly denounced by Prime Minister Julia Gillard, coincide with growing concern about the strength of Australia’s mining boom in the face of weaker demand from main customer China and tumbling prices of iron ore, its single biggest export earner. …
“The evidence is inarguable that Australia is becoming too expensive and too uncompetitive to do export-oriented business,” Rinehart told the Sydney Mining Club in a rare public appearance. A video of her address was posted on the club’s website.
“Africans want to work, and its workers are willing to work for less than $2 per day,” she said in the video. “Such statistics make me worry for this country’s future.
And that is not anecdotal, either. The destructive effects of Globalism upon the working class is being felt in countries around the world... starting with the United States.
http://businessfinancemag.com/article/economic-amp-business-focus-global-labor-arbitrage-resets-wages-0401
Offshoring will flatten wages in the United States and other advanced economies.
Global labor arbitrage -- the practice of constantly replacing expensive labor in one location with cheaper labor in another -- has been a cornerstone of corporate strategy for more than a century. This strategy matured over the past decade as technology and higher levels of development in the low-wage nations enabled their workers to take on service jobs and knowledge work; no longer is the practice limited to low-level production jobs. As developing countries provide an increasingly skilled workforce, developed nations' ability to differentiate themselves is dissolving, and the companies operating in those countries no longer need to pay their workers a premium. The most widespread and lasting impact of the maturation of global labor arbitrage is the decline in real wages in the developed nations. CFOs of U.S. companies can prepare now for a permanent resetting of wages for many workers in the upper salary ranges.
Increased global competition and low pricing power are driving the more aggressive forms of arbitrage: overseas sourcing, offshoring and foreign direct investment. In the IT industry, these practices are already moving into their second generation; Indian companies that took work from the United States and Europe are now offshoring less-skilled jobs to lower-cost locations such as China and Malaysia. IT wages in the United States dropped by an average of 3 percent in 2004.
Globalism is useful for exactly one thing: destroying the livelihood of America's working class, and apparently also the working class of France. Europe ain't far behind. Look what China is doing to Germany's solar energy market. Cheap labor is eroding at Germany, too.
Globalism is all about three things and that's it:
* Punishing American workers for earning a living wage
* Building walls to keep American workers out of the global labor force
* Reducing GLOBAL wages to as close to Gina Rinehart's dream of $2 a day as possible
Why else does practically EVERY corporation lobby for more Globalism and more foreign outsourcing? Because it's the PRIMARY WEAPON they use to cut workers' wages.
Fortunately the revolution against globalism is growing.
http://www.industryweek.com/public-policy/made-america-gets-strong-backing-voters
Listen up, Ralph Lauren. A survey of 1,200 Americans shows that 97% have a favorable view of goods manufactured in the United States. Moreover, there is a high level of support across the electorate for strong Buy America programs for public works.
Republicans (87%), Democrats (91%) and independents (87%) all favor Buy America policies, according to the survey released Monday by the Alliance of American Manufacturing.Even when presented with arguments from critics of Buy American about higher costs and increased taxes, voters supported Buy American policies by a wide margin.
The survey found that 53% of voters rate manufacturing as the industry "most important to the overall strength of the American economy."
http://www.reuters.com/article/2012/04/11/us-france-globalisation-idUSBRE83A18K20120411
Vast majority of French against globalization: poll
(Reuters) - A majority of the French favor protectionist measures and see globalization as bad for jobs, a poll showed, suggesting support for a trend in France's presidential campaign that has pushed President Nicolas Sarkozy to advocate a "Buy European" policy.
The survey by pollster IFOP and due to be published on Thursday in La Croix daily showed that eight out of 10 French people saw globalization as hurting employment, while nearly seven in 10 said it helped to increase public deficits.
Of the 1,052 people questioned by IFOP between April 6 and 10, only 22 percent saw globalization as a "good thing" for their country, while seven in 10 said France should increase taxes on products imported from emerging countries.
It's time to end Globalism and
tear down the walls that are being built up to block Americans out of the labor market.
Globalism: the next best thing to outright slavery.