[Fee]

Globalism is leading the world to digital serfdom. Outsourcing is reducing labor cost and increasing profits. The good news is the profits come back to the US, the bad news is that workers are not the prime beneficiaries. Question we freepers need to address is how do we (and our future generations) survive in this new economic system?? What types of goods and services can I provide to the ones who hold the profits, so I can access their money. I wish we have a seperate forum to discuss this. Our schools and colleges teach us how to work for someone else and that some else will hire you if you are young and cheap. Hit 40+ years old, you are out the door. People argue one must retrain. Yes, if my wage is frozen, I must put more hours in to keep up with cost of living, plus have time for my family and maintain the aptitude of a 30 year old at the age of 50 to keep up with my education/retraining. Not that easy.

[mgist]

Our schools and colleges teach us how to work for someone else and that some else will hire you if you are young and cheap. Hit 40+ years old, you are out the door.

I'd say this is true in any country around the world, probably less of a problem in the US. It is an interesting question. What is the solution? More savings plans, more small business opportunities? I'm not sure.

[Poohbah]

The good news is the profits come back to the US, the bad news is that workers are not the prime beneficiaries.

Why should an unidentified group of "workers" be the prime beneficiaries of investments that they presumably didn't make?

[skip2myloo]

"The good news is the profits come back to the US, the bad news is that workers are not the prime beneficiaries."

That's not bad news. In a capitalistic, free enterprise system, like iron ore, workers are a raw commodity.

Workers are not supposed to be the direct beneficiaries - the investors and entrepreneurs are supposed to be the primary beneficiaries.

In a prosperous economy, the workers are beneficiaries, but they are secondary to the investors.

My daddy always told me, 'Boy, you'll never get rich working for a wage.'

And he's right. Americans who believe the government is responsible for providing jobs and that the primary purpose of a business is to benefit the workers has been listening to too much liberal class warfare propaganda.