Originally posted by dutchie: good for corporate america, but I doubt the benefits will ever make it to the average american/canadian.
This is exactly the point. Outsourcing is making a very small number of people (i.e. corporate managers, owners, big investors) very rich. The rest of us are losing our jobs or facing stagnant (or decreasing) wages.
It's the principle of supply and demand. American business can now draw on a cheap labor pool overseas, so the "supply" of cheap labor for American business is nearly infinite. The inevitable result is a reduction in real wages for Americans.
Many Americans (who used to have decent jobs at a decent wage) are now relying on a combination of low wage McJobs and government assistance to get by. For example, many American workers rely on government-subsidized hospital emergency rooms for their primary medical care, on vouchers for rent subsidies, on school lunch programs and food stamps for food, and on federal tax credits for child care subsidies, etc. Essentially, our taxes pay for a kind of "supplemental public funding" of low wage work. Those huge CEO salaries and huge corporate profits are made possible in part by generous support of taxpayers like you and me.
