Warehouse workers are suing three companies in Los Angeles for class-action damages. These companies are Walmart suppliers that are accused of cheating these workers out of pay by reporting fewer hours than they actually worked. Big-box retailers like Walmart have kept their pay low by outsourcing the jobs of these workers to staffing firms. Even under honest pay practices, temporary warehouse workers have a wage rate of $3 per hour lower than permanent ones. Companies in California have threatened these workers with layoffs after speaking out against dishonest pay practices.
http://www.huffingtonpost.com/2012/03/05/warehouse-workers-walmart_n_1321518.html
The Occupy Wall Street Protests that started in September 2011 & and then spread across the nation have highlighted ongoing problems of massive unemployment & income inequality in the U.S. Elected officials, various members of the news media, & even a few of my own friends have mocked this movement. I believe that it is possible to find a different story for every day of the year that answers "Why They Occupy".
Showing posts with label Outsourcing. Show all posts
Showing posts with label Outsourcing. Show all posts
Thursday, March 8, 2012
Thursday, February 2, 2012
GOP Presidential Candidates Attack Romney's Greed (for 1/10/12)
Independents, Democrats, liberals, and anybody else who does not have a right-wing viewpoint regularly attack Mitt Romney for cutting jobs to make massive profits for himself. In the GOP debates however, his rival contenders have gone after him and broke ranks with current GOP economic thought. Romney started Bain Capital, a prviate equity firm, in 1984 and was its first CEO. Of 77 companies Bain invested in over 15 years, 22% of them went bankrupt as Bain bought them, ran up lots of debt, sold them off, and laid off thousands of workers. Jon Huntsman said, "he likes firng people." Newt Gingrich and Rick Perry both believe Romney raided businesses, destroying jobs to enrich his investors.
But, he remains the leading GOP Presidential Candidate to win the nomination. Which suggests that most GOP voters do not have a problem with all of the jobs going overseas and dismiss it has a harsh reality of the mythical free market capitalism that they believe in. Which also suggests that they do not believe that Romney's tactics as a corporate raider do not harm the economy, despite evidence to the contrary.
http://thinkprogress.org/politics/2012/01/09/400769/republican-pile-on-bain-capital/
http://thinkprogress.org/economy/2012/01/09/400404/romney-bain-bankrupts-billions/
Friday, November 25, 2011
U.S. Multinationals Add Employees Abroad While Cutting Here
American multinational corporations hired 2.87 million foreigners, but dropped almost 864,000 Americans from their payrolls during the 2000s. As the biggest beneficiary of U.S. outsourcing, China gained 691,100 jobs from 1999 to 2009.
http://www.huffingtonpost.com/2011/11/22/us-multinational-companies-jobs_n_1107480.html?ref=business
http://www.huffingtonpost.com/2011/11/22/us-multinational-companies-jobs_n_1107480.html?ref=business
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