Saturday, March 3, 2012

Will We Choose a Chinese Future?

Click here to access article by David Sirota from In These Times. 

Neoliberalism promoted by US political operatives to gain access to the world's cheap and exploited labor is now doubling back on unemployed and desperate US workers.
...at least a few manufacturing jobs are suddenly coming back to America, and the same CEOs, economists and politicians who have tried to squelch any honest discussion of exploitation are inadvertently admitting that exploitation has always been the manufacturing economy’s invisible hand. They are admitting it when they concede that jobs are returning primarily because American wages are precipitously dropping at the same time Chinese minimum wages have slightly risen–from awful (in some places, $100 month) to a mere terrible (still just a $240 a month).