BartendingBear says: Hard truth by Paul Craig Roberts The work has been moved abroad. In the bygone days of American prosperity, CEOs were inculcated with the view that they had equal responsibilities to customers, employees, and shareholders. This view has been exterminated. Pushed by Wall Street and the threat of takeovers promising "enhanced shareholder value," and incentivized by "performance pay," CEOs use every means to substitute cheaper foreign employees for Americans. Despite 20% unemployment and cum laude engineering graduates who cannot find jobs or even job interviews, Congress continues to support 65,000 annual H-1B work visas for foreigners. Very important clip, and very hard for those yearning for the not-so-long-ago Bush disaster days. But surely "they" remember the "WONDERFUL" free-wheeling days that ensured this steamy pile of shit the economy is experiencing .... no, not bloody likely! |
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