World-renowned business journalist and anchor of CNN’s popular Lou Dobbs
Tonight, Lou Dobbs dares to expose the most explosive economic issue of our
time-the shipment of American jobs to cheap foreign labor markets.
With the pay of corporate CEOs at historical highs and American job creation
at the lowest level since the Depression, corporations are laying off
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I decided I can’t read any more of this book, since I disagree with the author too much and/or it makes me too uncomfortable.
The corporate overlords hoarding money who he is decrying here are American, so it’s not that profit is not coming to my native country, ergo xenophobia can’t be an underlying thread of dread here.
(Unless I didn’t read between the lines properly and the Russian oligarchs are the ones raking in the dividends here, but I don’t think that’s what he’s talking about… for examp
Dobbs voices the concern that corporations are hiring cheap foreign labour rather than hiring locally so that Big Business can wallow in the proceeds – abroad there is no $7.25 minimum wage, so tycoons “fund” things like huge Indian call centres or production of Chinese trinkets since they can get something for virtually nothing much easier that way.
That minimum wage is there for a reason: so people can afford the products they need, as in economics, production costs heavily.
So, like everyone says, the richer get richer and the poorer get poorer, as it was when this book was published in 2004.
Mostly he sounds upset over how manufacturing jobs have fled the borders so now promising young gentlemen can’t get old fashioned 9-to-5 factory jobs any more. I don’t know anyone who has had this.
Oh well! So this book: the corporation concern from when I was in high school, it made me uncomfortable.
No wonder I didn’t take anything like that up – when this book was written, I had just gotten hired for my first job at Music & Arts, which was *technically* part time but then the summer of 2007 I was there all day every day.
This read I found marginally useful in American [modern] history and for the 48th book of my 250 goal. Let’s see… oh good, I’m about a hundredth of a percent ahead! ^_^ It’s a good thing since I’m really interested in some huge honkers of books like that 7 novels of Verne monstrosity…
I’ve always said that the politicians work for the companies, not the people. It’s a waste of time to vote, and the people are too weak to do anything about the problem. That’s why the politicians have gotten rich from their jobs by doing the bidding for the companies they work for.
If the people would realize what’s happening, all of them should stay home and never buy products. That’s how they can get the attention of everybody. Someday, but probably not in my lifetime, there will be a revoluti
I would say this is hardly a book. If it had been written today it would probably be released as a kindle short. Lou Dobbs makes a good case for keeping jobs in America. I can’t imagine anyone would disagree with him. Evidently, there are economists that do. Dobbs effectively takes apart their arguments. Cheaper goods do not benefit Americans if no one has a job to buy them. Makes sense to me.