See What Free Income Redistribution Trade Treaties Get You; ‘I’m sick to my stomach’: anger grows in Illinois at Bain’s latest outsourcing plan

“The Sensata plant in Freeport is profitable and competitive, but its majority owner, Bain Capital, has decided to ship jobs to China – and forced workers to train their overseas replacements.” The pressure comes from Wall Street. That pressure forces businesses to outsource jobs to redistribute income from the 99 to the 1 percent in order to keep share prices rising. Otherwise, Wall Street would be out of business if most share prices dropped to zero.

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Anger Building Over the Closing of the Sensata Plant of Illinois–The Guardian Uk

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Wall Street Mitt’s Bain Capital Planning to Outsource More Jobs

“The shock of losing a precious job in a town afflicted by high unemployment is always hard. A foundation for a stable family life and secure home instantly disappears, replaced with a future filled with fears over health insurance, missed mortgage payments and the potential for a slip below the breadline.

But for Bonnie Borman – and 170 other men and women in Freeport,Illinois – there is a brutal twist to the torture. Borman, 52, and the other workers of a soon-to-be-shuttered car parts plant are personally training the Chinese workers who will replace them.”

The difference between the compensation Borman receives from working in the Sensata Plant and the lower compensation her Chinese trainee garners will go into the pockets of the 1 percent via higher corporate profits, rising dividends and advancing share prices. Say Borman earns $50,000 a year and her Chinese replacement gets $5,000. The difference is $45,000. That money is redistributed from Borman to the 1 percent. That’s a nice scam.

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Bain Capital Plans to Outsource More Jobs–Rawstory.com

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