http://www.marketoracle.co.uk/Article23255.html
"In a global economy, where U.S. workers are forced to compete with Chinese workers who make less than $1 an hour, the jobs outsourced to countries like China and India are not returning.
Equally, while the United States is exporting high-paying jobs, the nation is importing an underclass across open borders, providing additional pressure on salaries and benefits in lower-paying jobs.
Inevitably, the cycle of poverty deepens as the economic downturn reduces job opportunities and forces more of the middle class into poverty.
The tragedy is that those pushed into poverty are likely to stay there, as Democrats continue to propose big government solutions, unable or unwilling to admit that increased taxes destroy jobs every bit as much as government-funded welfare programs perpetuate poverty."
Globalisation has crippled middle class America and increased poverty. America can not compete with workers in China/Asia that have armies of slave labourers and disregards human rights and civil liberties. So long as it is making the multinational companies rich all in the name of free trade "shock" economic policies and economic rationalisation. China pays workers a paltry slave wage of $0.60 per hour. Vietnam pays its workers $0.26 per hour. Starvation slave labour wages and Asian nations exploit child labourers.
The end of the Cold War and the falling of the Berlin Wall has sped up globalisation and the collapse of the middle class. Heading towards two class system: rich and poor. Dark Ages all over again?
