Capitalism the cause of job losses?
Job Outsourcing
I keep remembering the wholesale outsourcing of manufacturing jobs by global corporations over the past decade or so. Auto manufacturers outsourced their jobs to Mexico. Computer software companies outsourced their technical support to India, and so on.
As they did so thousands of Americans lost their jobs. It has been apparent that the motivation of the corporations in doing so was to cut their production costs thereby increasing their profits. Might have been a good move for the corporations, but devastating to the American blue-collar middle class.
My wife, who is the primary shopper in our family, tells me she looks at the labels of things she shops for to see if they were manufactured in the United States. She wants to buy American. But the preponderance of goods are manufactured in some foreign country. (Like many she shops at Wal-Mart). The stuff she is looking for is made in China, Mexico, Taiwan, etc. Very little is made in the USA.
Of course the lack of jobs in the USA is a major concern at present. No wonder there is such a lack of jobs—they are outsourced to foreign countries.
I don’t hear about the outsourcing being discussed on the news. Am I wrong in my conclusion that the outsourcing is the cause of the job loss in the US?
If I’m right then why isn’t it being talked about and addressed?
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