offshore outsourcing

The Trade Agreement You Never Heard About - TPP

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Did you know, beyond closed doors, there is a massive trade agreement being crafted? It's called TPP or Trans Pacific Partnership and this one makes NAFTA look like the stepping stone that it is. This is one bad mother.

This is a trade agreement between Chile, Australia, Brunei, Chile, New Zealand, Peru, Singapore, Malaysia and Vietnam and the United States. Japan as well as China may also join. The countries involved isn't the problem. What's being negotiated is.

Saturday Reads Around the Internets - Over Half of New College Grads Can't Find a Job in 2011

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shocknews Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.

 

53.6% of New College Grads are Jobless or Underemployed in 2011

Dr. Andrew Sum crunched the numbers and for those graduating from college with a Bachelors we have some startling news. A whopping 53.6% of those under the age of 25 who have a college degree are either unemployed or unable to land a job in a field associated with their college major. Associated Press:

Multinational Corporations Are Hiring....Abroad That Is

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U.S. multinational corporations are hiring. The problem is most of that hiring is happening abroad. In an updated BEA summary on sales, investment and employment by Multinational Corporations for 2010, we have a 0.1% increase in hiring for jobs in the United States while MNCs increased their hiring abroad by 1.5%.

us mnc employ

Worldwide employment by U.S. multinational companies (MNCs) increased 0.5 percent in 2010, to 34.0 million workers, with increases in both the United States and abroad. Employment in the United States by U.S. parent companies increased 0.1 percent, to 23.0 million workers, which contrasted with a 0.6 percent decrease in total private-industry employment in the United States. The employment by U.S. parents accounted for roughly one-fifth of total U.S. employment in private industries. Abroad, employment by the majority-owned foreign affiliates of U.S. MNCs increased 1.5 percent, to 11.0 million workers.

U.S. multinationals account for 20% of U.S. hires in the private sector. Yet from 1999 to 2009, U.S. MNCs decreased U.S. employment by 1 million workers while expanding employment abroad by 2.9 million. The U.S. share of employment by MNCs went from 75.2% in 1999 to 67.7% by 2010.

Displacing American Labor Through Foreign Guest Worker Visas

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While the Wall Street Journal tries to claim software engineer is the best job, whistle blower Jay Palmer is blowing the lid off the dire straights most American technical workers are facing today. We have brazen labor arbitrage through abuse of the United States foreign guest worker system. American workers with college degrees, high skills and years of experience, are either fired or not hired. Systemically U.S. STEM labor is displaced and replaced by cheap foreign guest workers, some on immigration visas which are not even legal.

This is What Happens When a President Outsources Job Creation to Multinational Corporate Executives

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one trick ponyMultinational corporations are one trick ponies when it comes to their agenda. By hell or high water they want to offshore outsource jobs and have controlled, unlimited migration per their globalization agenda.

It should be no surprise when putting these same greedy bastards in the White House who outsource, they publish a faux job creation agenda. Such is the case of the latest report.

Instead of hire America, buy American or a manufacturing policy, we get these multinational's typical labor arbitraging agenda wish list. The corruption is so bad, literally corporate lobbyists' economic and statistical fiction is used in this report. Probably the most debunked economic fiction spinner of them all, the NFAP, is used. The NFAP is also these very multinational's personal white paper spin machine.

Guess what folks, labor arbitraging U.S. professionals does not create jobs, it loses jobs. The statistics show it and anyone with a 2nd grade education would know this to be true. You fire people, that is a job loss, not a job gain as this jobs agenda report tries to claim.

Losing the Economy By Saving the Rich

socialism for the rich
Originally published on OpEdNews

Economic policy in the United States and Europe has failed, and people are suffering.

Economic policy failed for three reasons:

  1. Policymakers focused on enabling off-shoring corporations to move middle class jobs, and the consumer demand, tax base, GDP, and careers associated with the jobs, to foreign countries, such as China and India, where labor is inexpensive.
  2. Policymakers permitted financial deregulation that unleashed fraud and debt leverage on a scale previously unimaginable.
  3. Policymakers responded to the resulting financial crisis by imposing austerity on the population and running the printing press in order to bail out banks and prevent nny losses to the banks regardless of the cost to national economies and innocent parties.

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