"THE CORPORATE ABANDONMENT OF AMERICA" -- Hightower [View All]

[Khephra]

Something major is taking place in our country that corporate chieftains don't want us talking about: Jobless creep.

It's no longer blue-collar families that are seeing their jobs hauled offshore to faraway havens of low-wage production. Now it's hundreds of thousands (and soon to be millions) of well-paying white-collar and high-tech jobs that are being shipped overseas by America's wage-busting CEOs – and joblessness is creeping quietly but relentlessly upward, ensnaring families that previously thought they were solidly entrenched in the upper reaches of the middle class.

CEOs are paranoid about any public discussion of this explosive movement, but internally they giddily exult at the prospect of essentially abandoning our country and its middle-class in order to fatten their profits on foreign workers. IBM, which is leading the way, even has coined a corporate euphemism for moving more and more of its white-collar jobs out of the country: "Global sourcing." The rush is on. A Microsoft executive has instructed department heads in this software giant to "Think India" and to "pick something to move offshore today."

more.............

http://www.jimhightower.com/