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Archive for August 8th, 2017

USA Today reported in last weekend’s edition that “Low-wage jobs are expected to grow the fastest over the next five years while occupations that support a middle-class living will lag.” The newspaper cited a survey by CareerBuilder.

“Globalization” is the culprit according to the survey. In other words, factory and office jobs will continue to be exported, and the difference between the higher US wages and benefits and the new third world wages with no benefits will go straight into the pockets of the richest via higher corporate profits, rising dividends, and surging share prices. Neither the study nor USA today mentioned this part. Reporter Paul Davidson only mentioned “globalization,” and deliberately so to keep you ignorant.

Just as important, trade treaties also establish the rules by which US corporations can also create jobs overseas, rather than in the USA. This redistributes income from the 99 to the 1 percent, as well.

So expect income and wealth inequality to grow throughout the USA, as well as the rest of the world. And, contrary to the lying corporate press and the World Bank, poverty throughout the world has grown during the last thirty-seven years.

The report clearly shows that more of the middle class will be disappearing as those middle-class jobs are exported and the wages and benefits transformed into dividends and higher share prices for the rich. In other words, the rich are eating the middle class.

When those factory jobs operating machines that sustain a middle-class life style are exported, jobs in accounting, bookkeeping, management, law, computer technology, and more are exported. These are all middle-class jobs.

It doesn’t need to be this way. Globalization is not inevitable. It never has been inevitable. But the policy of globalization enriches the wealthy at the expense of the everybody else throughout the world, and this is the inevitable result of globalization, as well as its purpose as US public and economic policy. And this is why the corporate news media keeps pounding this idea into our heads, and we meekly accept this bull shit lie.

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