[Oatka]

Long term, it is not good for corporations either. At some point, if it continues, Americans, who are the prime consumers of most corporations, if they are impoverished, they will also stop buying goods and services and corporations will lose their profits.

I have been using that argument ever since NAFTA kicked in and its "virtues" were extolled. I wrote corporate CEOs and the media and said they all they were doing was laying off each others customers.

Those who bothered to answer patted me on the head and said that Global Competition (a race to the bottom) was good for us. I responded that I had no problem competing internationally with places like Europe where wages were equal or higher (we could lick 'em hands down). My problem was placing U.S. workers in competition with people who lived in mud huts and thought $1 a day was a great wage.

We are seeing the results today, and those same people can't seem to make the connection.

[AceMineral]

The job can be done by someone living in a mud hut for one dollar a day? Doesn’t sound like that great of a job.