Many of our employment woes hail from outsourcing of jobs to cheap overseas labour, as well as entire manufacturing plants relocating there to operate or bring in cheap labour to compete with our jobs.

Those countries that can offer slave workers are poorly managed and have no social expenditure on education, healthcare,etc. Worse are their govs whom are either corrupt or tyrannical, and thus our fellow human brothers and sisters are made to accept their suffering there.

They are used to it, and have no desire for a better life that is accorded to ALL human beings, even for their next generations, for they know no better nor will see better. That is how they are treated. And thus they complain none and will progress none, unlike the western democratic nations workers.

If this is allowed to continue on, our western world workers will soon be starved and eliminated, a waste of social expenditure spent, and mankind never to evolve or progress further, for only cheap low quality goods produced with low technology to remain affordable will be sold to slaves and the rich gets richer daily.

This must stop. National govs must enact Fair Trade laws, and not Free trade enslavement(globalisation), with wages being part of the components for discussions. Slave nations are the only ones who need to fear Protectionism, for they have no human rights issue to deal with and can offer slaves up as workers anytime to bring down competition from quality products nations.

Thus govs around the world must protect their workers from slave nations, or our progress and evolution will end soon.

Think or say what you like or don't like about unions, but bashing them is part of this agenda. I just don't understand what the corporate entities are thinking - with millions of people earning nothing or next to nothing, who is going to have money to spend to keep them afloat?

I know, I know..

China had spent billions in Europe, and had WARNED EU to get its act together.

But the thing is, much of Europe's economic crisis came from China. WIth its huge soveriegn wealth funds, corrupted hot money, and massive cheap slave labour, it had robbed much of European jobs, corporations as well as technology.

Already, with what China is doing, falling EU states will have great difficulty in reviving their economies in the face of cheap china and indian labour even if debts are written off.

Yet, EU leaders, espacially the ass-kissing Sarkozy is begging China to help them!!!!! As if being screwed from behind is not enough, europe's masses are to open their mouth to the repressive CCP gov for another round of screwing?????

Then go protectionist. Like what America did for 40 years for its car industry. And the Big 3 overcharged the American car buyer with inferior cars for decades.

Originally posted by eldard
Then go protectionist. Like what America did for 40 years for its car industry. And the Big 3 overcharged the American car buyer with inferior cars for decades.

Was american cars by the Big 3 that 'inferior'? It certainly was a hell lot bigger, spacious, faster and safer compared to small thin coke can made japanese cars, and the only issue beside that was that american cars were fuel guzzlers.

Being fuel uneconomical is NOT inferior. Only a belief in the premise that gas will last forever cheaply, but unfortunately not true. Yet, the big 3 could still make fuel economical cars that were bigger, spacious, faster and safer than the japanese cars, and more so than unsafe junk current china cars, until they sold out to american workers and fled to thailand/ china/ phillipines to set up shop and suffered drop in their quality.

Point is, protectionist need not be overcharging, so long as there are gov oversights on the industries for fair deals and true capitalist competition within the nation. You pay for what you get. Furthemore, it helps progress the tech evolution as each competitor within a level playing field seek to improve their products for market share, unlike today where competition is based solely on labour costs and poor shoddy quality materials.

The lie told by corporations that was used often to justifying cheap labour was that it would lower operating costs and make the product cheaper to consumers.

Unfortunately, that lie was repeated ad nausem till many believed it. The truth is - did that bottle of coke you drank cost cheaper now that it was manufactured in China or had you paid even a higher price today? Or your ipad the same price as an imitation china made junk, of the same material and software?

There answers are NO. Immense profits had been made in the name of 'globalisation'. It did not benefit american workers nor china workers. It all went into the bosses and buddy shareholders pockets.

Globalisation only opened the floodgates to obscene profits by corporations whom had only hoarded their wealth, instead of circulating it. Worse, it impoverished both the american and china workers, and will continue to do so to a stage whereby they can no longer afford to buy anything except junk and constant replacement of junk to keep the elites rich.

This must end. Protectionism no doubt will make corporations and biz owners pay more for their labour costs, and subsequently add to consumers costs, rising inflation. But consumers too are workers, paid more and can afford to buy then, and with money circulated, will progress nations and societies as capitalist enterprises seek out ways to improve their market share through tech and not slave labour.

There is no worry about Inflation if wages and aquired, learnt productivity through tech is kept in tandem, profits shared, at least fairly if not equally. A cup of coffee sold at a motel was probably on 50cts 50yrs ago. Today, it would cost $2 a cup. That's ok, cos 50yrs ago, our grandfathers were only earning $3 an hr. At least now, many are supposed to be earning $15 an hr, but thanks to the puppet leaders we have and China, many are only getting $6 or less.

The only worry economies need fear is deflation, when no one buys anything, too poor to do so, and money is not circulated, as well as if gov leaders still insist on allowing slave labour, internally and externally.

well this very situation is now playing out here in australia. we are going through this with Qantas at the moments. currently.....all qantas planes are grounded EVERYWHERE in the world!

Forget cheap labor. Whatcha gonna do when robots come for you?

21 Dec 2011

Today, many economists around the world are downgrading their growth forcasts based upon demand for materials by manufacturing and service industries, which is low. Reccessions worldwide are nearing. What is happening?

Say a word of thanks to banks and Corporations. What you see today is the result of their greed. Capitalism is about compettition to be ahead. But corporations, in the interest of their own survival, seeks that there be no competition and will attempt to create high barriers to entry. Cheap labour is one of such means.

Whomever offers the cheapest labour will ensure a company's product be cheaper. When a product is so cheap, entreprenuers will not want to produce the same thing and thus the company have no more competition. BUT cheap labour is a zero sum game.

When one pays slave wages, slaves cannot afford such products. Worse when Corporations with bankers 'globalization creed' support, flee to slave nations to produce goods, leaving their own home talents jobless, whom certainly cannot afford whatever product is made, no matter how cheap.

With such a base, to go cheaper means cutting corners - poor quality or toxic stuff to make up for better materials.

WIth many nations cutting back on spending, focussing on austerity drives, even worse will manufacturing be hit. The poor cannot afford to buy, the middle class are either stretched paying high taxes and inflation or soon to be jobless, the rich hoard their wealth in such worsening climate and govs spend less on material goods.

China offers cheap labour, only because they DON"T give a damn about the 1.3 billion peasants' social expenditure such as health care, education, etc the way the west and democracies around the world protect their citizens. China's CCP gov's liability is only to its own 30 million corrupt commie card waving bootlickers. As long as those bootlickers are kept well fed off the back of the 1.3 billion peasants effort, the gov ensures its longetivity to power.

But it will end soon, for humankind have limits. Our common fellow human brothers and sisters in China aren't taking such BS anymore, and many had already started revolting.

The banks and Corporations are having a good time in China but the gravy train of cheap labour will end soon, and have to end if mankind is to progress and prosper.

In the meantime, as mentioned, say a thanks to the bankers and corporations for the economic wasteland you see in our world today. May those bastards enjoy themselves now, watching others suffering

Originally posted by SeekerofTruth101
Whomever offers the cheapest labour will ensure a company's product be cheaper. When a product is so cheap, entreprenuers will not want to produce the same thing and thus the company have no more competition.

That's the dumbest thing I've heard today.