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It doesn't just apply to manufacturing jobs. The article points out that it will affect all industries except for some select service industries. But we will forget that for a minute.
Companies do not always go overseas to survive a global economy, many times the motive is greed and only greed. This is the danger the article is speaking to.
It's not that you can't be a multi-millionaire dollar company here in America producing...let's say, Dog food. Let's say quality dog food..unlike what comes out of China. People like their pets, they will pay 2 extra dollars for un-poisoned dog food.
You might make a good living producing quality dogfood and selling it to your neighbors. ..but enter a "growth-based global company"
one Ceo says to another..."Hey Mike I know we made 10 million dollars last year selling quality dog food and providing quality jobs to our fellow americans.....BUT BUT
let's produce a shit, poisoned dog food in China and make 20 million dollars next year"
Bye Bye jobs...Bye bye regulations and quality. Hello rich Mr. Mike.
and by the way, Mike doesn't do shit to reinvest his profits here.
this is the danger of the "flattening" of the middle class the article is talking about.
We end up with a few Mr. Mikes and eventually no one.... can even afford dog food or a dog.
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...either I go, or that wallpaper does.
Oscar Wilde
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