The Declining Value Of Work

by Michael Snyder
Published: May. 18, 2010 – The Economic Collapse

One of the great joys that men in free societies have long enjoyed is the ability to earn an honest wage for an honest day of work.  In particular, the amazing capitalist engine that powered the U.S. economy for decade after decade greatly rewarded the incredible hard work and industriousness of the American people.  America was known as the land of opportunity, and we built the largest middle class in the history of the world by working incredibly hard.  But today, all of that is fundamentally changing.  Thanks to rapid advances in technology, and thanks to the globalization of the work force, the labor of American workers is rapidly losing value.  Automation, robotics and computers have made many jobs obsolete.  Today one man can do the work that a hundred men used to do.  Not only that, but today American workers literally have to compete against workers from all over the globe.  Global corporations often find themselves having to choose whether to build a factory in the United States or in the third world.  But in the third world workers often earn less than 10% of what American workers earn, corporations are often not required to provide any benefits to workers, and there are usually hardly any oppressive government regulations.  How can American workers compete against that?

The truth is that labor is now a global commodity.  How can an American worker compete against a desperate, half-starving worker in the third world that will work like mad for a dollar an hour?

But this is what we get for letting the politicians push “free trade” down our throats.

Most American workers had no idea that free trade would mean that they would suddenly be competing for jobs against workers in the Philippines and Malaysia.

But that is the cold, hard reality of globalism.

All of this free trade has been very hard on American workers as factory after factory has closed, but it has allowed the big corporations to get exceedingly wealthy.

The top executives at the big global corporations are certainly enjoying all of this free trade.  Their salaries have soared.

In 1950, the ratio of the average executive’s paycheck to the average worker’s paycheck was about 30 to 1.  Since the year 2000, that ratio has ranged between 300 to 500 to one.

The rich are getting richer and the poor are getting poorer.

That is what globalism is all about.

The elite make out like bandits as they exploit third world labor pools, while the American middle class finds itself slowly being crushed out of existence.

According to the United Nations Gini Coefficient (which measures distribution of income), the United States has the highest level of inequality of all of the highly industrialized nations.

Increasingly, all of the rewards are going to those at the top, while the vast majority of Americans are left wondering why things just don’t seem to work out for them.

According to economists Thomas Piketty and Emmanuel Saez, two-thirds of income increases between 2002 and 2007 went to the wealthiest 1% of Americans.

Life is good if you are in the top one percent.

Unfortunately, that does not include any of us.

Instead, the American middle class is gradually being pushed into lower paying service jobs.  But it is really hard to feed a family by cutting hair or by greeting the folks who come walking into the local Wal-Mart.

If you talk to many Americans, they just can’t seem to figure out why they can’t make things work out even though they are working as hard as they can.  Millions of Americans have found themselves taking on second (and in many cases third) jobs in an attempt to provide for their families.

But what they don’t understand is that the global elite have turned labor into a globalized commodity.

American workers are not faced with a level playing field.  Just check out some of the pay levels around the world that American workers must compete against….

In Bangladesh, a garment worker makes 22 cents an hour. The wage in Cambodia is 33 cents an hour; in Pakistan, 37 cents an hour; in Vietnam, 38 cents; in Sri Lanka, 43 cents; Indonesia, 44 cents; India, 55 cents; China, 86 cents; the Philippines, $1.07; and Malaysia, $1.18.

Do any of you want to work for $1.18 an hour with no benefits?

But that is your competition.

Wages are being driven down and big global corporations are loving it.

This isn’t capitalism.

This is the global elite pushing us into a cruel system of economic slavery where they control all of the wealth and the rest of us struggle to survive as we work our tails off for them.

Already we are seeing large numbers of Americans becoming absolutely desperate to get even a low paying job.

For example, over one three day period, approximately 10,000 people showed up to apply for 90 jobs making washing machines in Kentucky for $27,000 a year.

Can your family live on $27,000 a year?

But that is considered a good wage now.

Actually, the folks who are making really good wages now are those who work for the U.S. government.

Yes, life is good if you are a servant of the system.

Today, the average federal worker now earns about twice as much as the average worker in the private sector.

Of course government employees basically produce next to nothing except red tape.

The U.S. government doesn’t seem to care if they are productive or not.  They just keep borrowing more money and getting us into even more financial trouble.

But at least there is somewhere for middle class families to get decent jobs.

In fact, it is getting really hard to live a middle class lifestyle in America without relying on the government in some way.

The truth is that good jobs are becoming increasingly scarce.

That is why it is absolutely imperative for all of us to try to become as independent as possible.

That means getting out of debt.

That means starting our own businesses.

That means learning how to grow a garden.

Many of those who continue to blindly rely on the system to provide them with a “job” (“just over broke”) will end up bitterly disappointed in the end.

Millions of Americans have already lost their jobs and millions more Americans will lose their jobs as we move along through the next few years.

In fact, with all of the amazing advances in technology that we have seen over the past couple of decades, the global elite are starting to realize that they really don’t need 6 billion workers after all.

Instead, those among the global elite are increasingly viewing all of us as a burden.  They openly ask why they should have to take care of so many “useless eaters”.  After all, if the system does not need all of us to keep functioning, then what good are we to them?

So these days you are starting to hear a lot about the dangers of “overpopulation” and the need to control population growth.

In fact, just over one year ago Bill Gates, David Rockefeller, Warren Buffett, George Soros, Michael Bloomberg, Ted Turner, Oprah Winfrey and other very wealthy power brokers held a clandestine meeting in New York.

So what was the topic?

Population control.

One anonymous attendee of the meeting was quoted in a U.K. newspaper as saying that overpopulation “is something so nightmarish that everyone in this group agreed it needs big-brain answers.”

Are you starting to get the idea?

Instead of being viewed as valuable workers, now we are being viewed by the elite as pests that have multiplied to the point where we are now out of control.

What a strange world we live in now.

We need to get back to the America where good workers are valued and where hard work is rewarded.

We need to get back to the America where having a large middle class is an important national goal.

We need to get back to the America where we build American businesses, where we hire American workers and where we buy American products.

But unless the American people wake up, American workers are going to continue to be devalued.

Are we actually going to sit back and let American living standards decline to third world standards?

It is up to this generation to reject globalism and to reclaim the great free enterprise principles that this nation was founded on.

If someday our children and grandchildren exist in a world where they are considered just another part of the third world labor pool they will know who to blame.

Source: http://theeconomiccollapseblog.com/archives/the-declining-value-of-work

 

Related:

Profiling CEOs and Their Sociopathic Paychecks

DOCUMENTARY – New Rulers of the World, by John Pilger

American Corporatocracy

The Vicious Circle of Debt and Depression

DOCUMENTARY – The Corporation (Portuguese Subtitles)

VIDEO – Deliberate Economic Collapse

Crisis as a Means to Building a Global Totalitarian State

With A Deficit Like Ours, Who Needs Enemies…?

How Edmund de Rothschild Managed to Let 179 Governments Pay Him for Grasping Up to 30% of the Earth

Auditing The Federal Reserve: What Are The Banksters So Afraid Of…? (With Videos)

The Planned Global Economic Crisis


2 Comments on “The Declining Value Of Work”

  1. Annie Ladysmith says:

    It is called fuedalism and we, in the West, are rapidly declining into this pathetic state. As the personal liberties dissapear and the banks get all the natural resources by calling in debts that cannot to repaid we are descending into the bowels of the hell of “feudalism”. Look it up! See how it worked in post-Hastings England, and shriver and shake.

    At this point there is little resistance that will last for long. Pray for a speedy death and not a long agonizing torturous one. We are going into fuedalism like never before in the history of humanity. They will take your gold and silver, they will take your children, they will take all the vital substances your mortal body has to offer, and when you are begging for mercy they will scrape your very soul from the walls of your mind, and you will be able to do nothing.

    Find the true power, seek now while He still can be found, before the deception falls. Seek, knock, ask, weep, but find the only Rock that will get any of us through this, and though we may loose our bodies, He will keep our souls from the destruction the god of this world has planned for them.

    Forsake the Devil’s rebellion and come to the light of true life. Time is getting shorter, a day is no longer 24 hours, don’t wait to long to perceive the deception or it will be too late.

  2. The Destructionist says:

    THE EVOLUTION OF CAPITALISM

    Capitalism was founded upon basic principles: production, supply and demand, and capital accumulation. It is a social theory whereby prices are determined by profit and loss, as well as market interest and fluctuations.

    Although I understand the need for a free market enterprise, such a theory should not imply that we are willing to disregard our environment, or sacrifice the needs and comforts of our humanity in an attempt to realize higher profits (a.k.a., BP, Lehman Brothers, Goldman Sachs, etc).

    Capitalism may be wonderful, but like anything else, it is still a flawed system. It’s a work in progress. It needs to be tweaked here and there in order to perfect its balance and to soothe the inordinate swings that occur day-to-day in our financial markets. If left unchecked, however, such a system will prove to be our economic downfall.

    How so?

    Well, for one thing, there is only so much profit a business can make from a product before it is left to cut costs in both quality and workmanship. In order to continually sustain a profit, businesses have to create those same products with lower quality ingredients and cheaper labor: which means that they must pull up stakes and move to other countries like China, Taiwan, or Mexico in order to survive. What does this eventually mean for people like you and me? It means that the very financial theory that promoted our country to super power status has turned on us. It means that the American workforce is now expected to work harder, longer, cheaper, and faster if we are to compete with the global economy now breathing down our necks.

    Where do we go from here?

    George Orwell had it right, to some extent, when he wrote his book1984. Many years from now, money will become worthless and the global populace will be employed and subject to hundreds (if not thousands) of individualized corporations that managed to survive attrition through merger aquisitions. It will be a feudalistic society: every corporation out for blood and vying for global dominance and absolute power. Our children and grandchildren will be there too: housed, clothed and fed by these various corporate entities; all the while being sent out on occasion, like brainless automatons, to errands of war, in an effort to absorb the weakest corporations into the fold. After all the dust settles, and everything is said and done, the remaining corporations will finally merge into a one-world government.

    Science fiction, you say?

    (…I’m left wondering.)


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