Part 2 of 3: What Is That Giant Sucking Sound? (David Cohen, DeclineOfTheEmpire.com)
"Fast forward to 2011. What is that giant sucking sound we hear today? The Wall Street Journal's David Wessel recently described the big whoosh in Big U.S. Firms Shift Hiring Abroad:
U.S. multinational corporations, the big brand-name companies that employ a fifth of all American workers, have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the U.S. economy.
The companies cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show. That's a big switch from the 1990s, when they added jobs everywhere: 4.4 million in the U.S. and 2.7 million abroad.
In all, U.S. multinationals employed 21.1 million people at home in 2009 and 10.3 million elsewhere, including increasing numbers of higher-skilled foreign workers.
The trend highlights the growing importance of other economies, particularly in rapidly growing Asia, to big U.S. businesses such as General Electric Co., Caterpillar Inc., Microsoft Corp. and Wal-Mart Stores Inc."
"American Jobs is a 2004 independent film, documentary, written, produced and directed by Greg Spotts. The film is about the loss of American jobs to low-wage foreign competition, covering the phenomenon of outsourcing in manufacturing and high-paying white-collar jobs."
I am not Anonymous. I am an American.
I am not just a Consumer. I am a Citizen.
I will no longer be labeled Left or Right, Liberal or Conservative, Demopublican or Republocrat.
I will no longer follow Puppets labeled Left or Right, Liberal or Conservative, Demopublican or Republocrat.
I am the People. And I am coming for the Puppetmasters.
I am part of the 99 Percent. And I demand the following: