Posted: 7/11/2012 10:11:39 PM
QUOTE Originally Posted by rick3117:
If we are talking about repatriating jobs from china the corporations would be paying 8500% higher wages, be subject to much more regulation etc.
Are we really saying that there would be no "pain".
I am saying the pain is more often borne by the worker..which is a monsterous flaw in Capitalism.
So has the salaries, benefits, stock holdings of the upper level management in Corporate America dropped to the degree of the middle class average worker?
The reality is that corporate profits are at near all time high levels BECAUSE of shifting labor to low cost centers..we as a society should not reward or tolerate such.
Profit margins are not the end goal of our society, yet we legislate, regulate, reward as if the only group that matters are the shareholders and upper management.
Its truly pathetic..