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TheMastersNemesis

(10,602 posts)
Thu Jun 25, 2015, 02:51 PM Jun 2015

American Workers Paid To Much To Compete Globally.

The reason "good jobs" rhetoric is just empty baloney is that Wall Street and big business believes American workers are paid too much to compete in a global economy where there is so much cheap labor around. Americans would have to make 20% less in order to reach parity with the rest of the global economy. In fact paying fringe benefits to workers is too much in that most global workers have no benefits or safety net if they lose a job.

That belief is the reason why so many jobs pay little and good paying jobs are even paying less. A few years age some Wall streeters wrote and article in Fortune magazine state such an idea.

So when you hear a politician talk about competing in a global economy it is nothing more than saying workers must accept working for less. That is why the business community is against $15 and hour and even do not want minimum wage laws. The free market wage is what workers in lower paid countries work for. And with trade agreements we are tied to that wage level.

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American Workers Paid To Much To Compete Globally. (Original Post) TheMastersNemesis Jun 2015 OP
Yet lots of countries do it with great success AgingAmerican Jun 2015 #1
Actually American workers VERY competitive given their productivity. It is CEO's paid too much on point Jun 2015 #2
Yep, they are paid too much globally too, which inflates our cost of living here... cascadiance Jun 2015 #3
Well, if they decide they want to cut our pay, they need to cut their prices. Warpy Jun 2015 #4
Workers in many progressive countries make more than Americans and they 'compete' just fine. pampango Jun 2015 #5
Word daredtowork Jun 2015 #6
They say that but the truth is the MANAGERS are paid far more than they should be. pnwmom Jun 2015 #7
Workers of the world unite aint_no_life_nowhere Jun 2015 #8
CEOs and investors are paid too much to exist. JanMichael Jun 2015 #9
here it comes. setting the table for the tpp restorefreedom Jun 2015 #10
You got that right. Juicy_Bellows Jun 2015 #11
i think many are confused restorefreedom Jun 2015 #12
If I were in my 20s I would be looking to move avebury Jun 2015 #15
Well said and a scary but likely accurate vision of the future. Nt. Juicy_Bellows Jun 2015 #16
G-d that is frightening restorefreedom Jun 2015 #19
"The free market wage is what workers in lower paid countries work for avebury Jun 2015 #13
there is already an appalling discrepancy in ceo pay vs worker pay restorefreedom Jun 2015 #20
Really? hifiguy Jun 2015 #14
K&R! Omaha Steve Jun 2015 #17
globalism is about reducing American worker's earnings, period HFRN Jun 2015 #18

on point

(2,506 posts)
2. Actually American workers VERY competitive given their productivity. It is CEO's paid too much
Thu Jun 25, 2015, 02:57 PM
Jun 2015

that is the problem, plus the finance speculators sucking value out of companies for themselves and loading them up with debt. That is where the problems lay.

 

cascadiance

(19,537 posts)
3. Yep, they are paid too much globally too, which inflates our cost of living here...
Thu Jun 25, 2015, 03:09 PM
Jun 2015

... that FORCES the need for our salaries to be higher than those in other countries.

If they think that we get "paid too much", then why aren't our kids given free undergraduate college educations like India gives their kids. Are these bums going to say that Indian kids are getting too much paid for with their college educations or are they going to ADMIT that our kids aren't given enough to compete globally contrary to their BS!

Warpy

(111,489 posts)
4. Well, if they decide they want to cut our pay, they need to cut their prices.
Thu Jun 25, 2015, 04:27 PM
Jun 2015

Housing and healthcare are the biggest ones, followed by everything else, especially higher education and energy costs.

They want to pay us thirty cents a day to make their steaks and serve them to them, they're going to have to subsidize everything.

The alternative is revolution and they certainly don't want to go through that one, no matter how safe the military makes them feel.

pampango

(24,692 posts)
5. Workers in many progressive countries make more than Americans and they 'compete' just fine.
Thu Jun 25, 2015, 04:39 PM
Jun 2015

And workers in those progressive countries 'compete' in the global economy much more than American workers do. Trade is 24% of our economy. It is 60% to 70% of the economies of progressive countries like Germany, Sweden and Canada.

If 'trade agreements' lowered the 'wage level' these progressive countries would be cesspools of low wages and income inequality. They are just the opposite.

daredtowork

(3,732 posts)
6. Word
Thu Jun 25, 2015, 04:54 PM
Jun 2015

There needs to be massive general strikes now and a questioningvof why "workers" have to be fattening the bank accounts of Global Billionaires at all. Refusing to raise the minimum wage because we're in an International race to the bottombis confessing that the terms of our economy fail for the MAJORITY.

We need to get back to basics and remember the economy is about providing people with livelihoods - assuring food, shelter, basic necessities, public services, medical care, community activities so people will form bonds and have each other's back in an emergency... We need to start with those PREMISES. If feeding billionaire hubris hasn't been fulfilling that goal for the MAJORITY OF THE COMMUNITY, then we have to accept that we've been letting the Robber Barrons "economy'splain" to us for far too long. When people don't have food and housing, their way failed. 'nuff said.

pnwmom

(109,028 posts)
7. They say that but the truth is the MANAGERS are paid far more than they should be.
Thu Jun 25, 2015, 04:56 PM
Jun 2015

In Japan, for example, there is far less of a disparity of salaries between workers and management.

aint_no_life_nowhere

(21,925 posts)
8. Workers of the world unite
Thu Jun 25, 2015, 05:51 PM
Jun 2015

If American workers took 20% less and reached parity, then the international corporations would move to a country that counters the American workers' decision where its workers accept even less. Big business will continue to seek the best deal until workers decide to work for nothing

restorefreedom

(12,655 posts)
10. here it comes. setting the table for the tpp
Thu Jun 25, 2015, 06:19 PM
Jun 2015

we knew this was coming. The TPP is not going to bring other countries up to our standard, it's going to bring us down to their standard. The one per centers want us working for slave wages just like they do in the other countries where they've offshored their businesses. I hope the congressional Democratic sellouts and the president are happy.

Juicy_Bellows

(2,427 posts)
11. You got that right.
Thu Jun 25, 2015, 06:40 PM
Jun 2015

I've noticed a few people that think the TPP is nothing to be alarmed about say that it will lift wages in the poorer countries. How the hell can they honestly believe that? They will extort cheap labor until the end of time - they aren't looking for some utopia for foreign countries - they seek utopia for their wallets.

If you are a fan of TPP you are either extremely wealthy or seriously confused or possibly just a shit stirrer.

restorefreedom

(12,655 posts)
12. i think many are confused
Thu Jun 25, 2015, 08:17 PM
Jun 2015

in part because of presidential support. but i wonder does anyone ask themselves why all these other countries want this deal with us? they want to even the playing field for their own markets. now sure, if the other countries could become competitive with the u.s. by having their wages go up, the citizens would be thrilled. but as you point out, the corporations are driving this. and they want everyone.s wages to be third world so they can increase their already obscene profits.

what still puzzles me is how this president could champion the aca and still be for THIS

avebury

(10,953 posts)
15. If I were in my 20s I would be looking to move
Thu Jun 25, 2015, 08:41 PM
Jun 2015

Last edited Fri Jun 26, 2015, 05:38 AM - Edit history (1)

to another country that has a better attitude on how they treat their people. If a child is not born into one of the 1%er families, this is really not the country for that child anymore.

I think that the real reson that the Republicans are so anti-birth control and abortion is not because they believe in the sanctity of life, that is just their cover story. What do you think will happen as conditions get worse and worse? People may decide that they don't want to have children which may cause a sharp drop in the population growth rate. If the serf population dropped too much, it may impact the lives of the 1%ers (businesses and lifestyle). It could send the white race into minority status even faster because immigration might rest mostly with non-white people. They are already have a hissy fit over the idea of becoming a minority race


If we keep on the path we are on, a time will come when you will see a brain drain of capable people moving to other countries while the only ones willing to come here will have to be living in circumstances that are worse then ours. The impact of turning this country into a 3rd world country is that there are other countries out there that will be more then willing to accept our best and brightest, the people that you really don't want to lose.

restorefreedom

(12,655 posts)
19. G-d that is frightening
Thu Jun 25, 2015, 10:41 PM
Jun 2015

but i think you are on to something. they are not pro life. they are pro birth. and your reasoning makes sense.

avebury

(10,953 posts)
13. "The free market wage is what workers in lower paid countries work for
Thu Jun 25, 2015, 08:29 PM
Jun 2015

And with trade agreements we are tied to that wage level."

While we will still have to continue with a higher cost of living then those countries have to deal wtih.

If the Global 1%ers manage to put the 99% serfs on slave wages, just who do they think will buy their goods and services?

My father was a WWII vet and did well in th work force. People used to make decent wages allowing for single wage earners in the famiy if that was what they wanted. Growing up we lived a much simpler lifestyle with no computers, internet, and other hi tech toys. People didn't spend as much money as they do today. A typical purchase for a teenager might have been a record or going to a movie. Kids spent a lot more time outdoors. We live in a much more materialistic society which has helped to drive up the cost of living.

While they want to drive down wages they are not willing to create a corresponding reduction in the cost of living. You might find a lot more cities going the way of Detroit.

restorefreedom

(12,655 posts)
20. there is already an appalling discrepancy in ceo pay vs worker pay
Thu Jun 25, 2015, 10:45 PM
Jun 2015

and let's not forget how Walmart encouraged their employees to give canned goods to their other employees were too poor to buy their own products that they were working the store to sell. I really think they just want to keep people at a wage where they will buy necessities. clearly they haven't thought this through. But I don't think anybody with that much money can really think things through when it comes to being a regular person.

 

hifiguy

(33,688 posts)
14. Really?
Thu Jun 25, 2015, 08:31 PM
Jun 2015

German wages and benefits run much higher than those in the US.

For some reason German goods are wildly popular the world over and Germany always runs a huge trade surplus.

Could part of it be that German CEOs aren't paid 310 TIMES what the workers are? Maybe?

 

HFRN

(1,469 posts)
18. globalism is about reducing American worker's earnings, period
Thu Jun 25, 2015, 10:31 PM
Jun 2015

no ifs, ands, or buts

and once it become entrenched, many of it's proponents became quite blunt about it

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