What America Exports:Paper, Waste And Jobs

Posted on Wednesday, November 09 at 13:16 by Ed Deak
There is a great deal of meltdown inside the US economy. Manufacturing is hollowed out. The decline in manufacturing means decline in the engineering and other professions that serve it. Knowledge jobs are also being lost to offshore outsourcing and to H-1b, L-1, and other work visas. In October, there were 81,301 corporate layoffs. The government does not keep records of the US jobs lost to offshore outsourcing and to work visas for foreigners. With so few jobs available in the educated professions, the future of US universities would seem to be bleak. In December 2003, Congress directed the US Department of Commerce to complete a study within six months of the impact of jobs outsourcing on knowledge-based industries. The report due in June of 2004 was not released until September of this year in response to a Freedom of Information action and only after the report was gutted by political appointees and reduced to 12 pages of PR quoting reports by organizations and individuals that have been funded by multinationals that benefit from shifting American jobs overseas. Powerful lobbies that benefit from low cost foreign labor have invested heavily in public relations campaigns to create the impression that American jobs have to be outsourced and foreign workers brought into the US because there are shortages of US engineers, scientists, nurses and school teachers. It is amazing that the occupations in which shortages are alleged to exist are the very occupations in which qualified Americans cannot find jobs. Many economists mistakenly claim that offshore outsourcing and work visas for foreigners benefit Americans by lowering costs. But no country benefits from the loss of high productivity, high value-added occupations. The US runs trade deficits in manufactured goods and advanced technology products. Last year the US trade deficit in advanced technology products was $36,857,000,000. As of August of this year, the US trade deficit in advanced technology products is running 26% higher than in 2004. http://www.counterpunch.org/roberts11082005.html

Note: http://www.counterpunch...

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