Saturday, February 05, 2011

Why your standard of living keeps drifting away

by Gene Redlin
U.S. workers have been merged into a "global labor pool" where we are expected to directly compete for jobs with people making slave labor wages on the other side of the globe.



The more time you spend thinking about that, the more you start realizing that the standard of living of average American families is going to continue to decline until we are equal to those in Vietnam, India, China, Mexico. Either they will have to come up, or we will go down. This has been going on for 30 years, NAFTA was part of this. I spoke up and wrote of this at that time and said, this is what is happening. Ross Perot was right. A leveling at a much lower standard of living is on the way.



I know enough about macro economics to know that this is inevitable. Yet, there is social engineering and restructuring going on in the name of "Jobs" that is insidious. IF we were just told the truth, that we are going to have to compete on a level playing field, we could and we would. Instead Unions and Public Employees are protected while the rest of the US workforce is pressed further and further into the Global Labor Pool.

1 comment:

Anonymous said...

Very true, Gene. QE2 doesn't help much either. http://www.youtube.com/watch?v=PTUY16CkS-k