With Labor Day upon us, we take time off to celebrate a day of American labor and to pay tribute to working men and women. Although, should we really be celebrating our decimated middle-class? Should we be celebrating our servant sector jobs? Should we pay tribute to our servant economy? While some Americans are barbecuing, swimming, savoring juicy steaks and enjoying a day off, our nation is falling apart. Labor day is meant to celebrate the creation of the labor movement and the dedication to the social and economic achievements of American workers, not the celebration of jobs flipping burgers at a fast food restaurant.
Tag Archives: Unemployment
“Free trade” agreements have flung America’s import-door wide open, and the repercussions are disastrous. Our economy is suffering greatly due to the explosion of foreign-made products flooding in. These products are manufactured overseas for $4 per hour or less, or in first-world nations that protect themselves with a value-added tax – the modern tariff. At such a low cost of labor and with other protectionist measures we do not have, they represent unfair competition for American-based manufacturers.
For forty years now, our trade deficit has resulted in job losses, stagnant wages, massive foreign debt, and a decimated manufacturing industry. We are left with a weak middle class and an ear full of lies and false promises made by President Obama. He promised 1 million jobs and to this day he has not met his goal. America doesn’t make anything anymore because all of our manufacturing jobs have been shipped overseas. One by one we saw our factories disappear, leaving us with a trade deficit with other countries as we import more than we export.
Have you ever wondered why corporations are getting bigger and richer, yet middle class America is getting smaller and poorer? It doesn’t make sense how profits have grown five times faster than jobs over the past decade. For instance, Verizon Wireless cut its workforce by over 30 percent while doubling its profits. In addition, wages have remained steadily stagnant. Although profits are rising and workers productivity has increased, wages remain the same. In fact, according to Thinkprogress.org, if the minimum wage had risen in proportion to worker productivity, it would now stand at nearly $22 an hour! So what is going on?