Disappearing Middle-Class Jobs

Why is everybody so clueless?  The good jobs have all disappeared because we've shipped them overseas!  Also, when you have a surplus of any commodity, including labor, the price of that commodity will fall.  This is why both parties allow illegal immigration, outsourcing and offshoring--to make huge contributions from employers who want cheap labor, subsidized by tax payer supported schools, jails, public hospitals, and welfare rolls.  Unfortunately, lower wages means people can't buy their products because their wages are too low.  Next step, the employers keep prices up by cutting production, laying people off, thus increasing social welfare costs to the taxpayers while maintaining their profit margins.  This is known as the race to the bottom.---rng

End offshoring, outsourcing, and illegal immigration.  Now! These policies are economic treason.

Jun. 22 2011 - 1:53 pm

     “The American dream is dead for the majority of America,” financial guru Suze Orman told Forbes last year, speaking about her upcoming book The Money Class.
     The dream she was referring to isn’t a Cinderella story. Rather, Orman believes the hope of someday owning a home, of working one job for life and retiring at 65 has been crushed by the financial crisis. “The middle class has disappeared,” she said. “Many of the millions of jobs lost I don’t think are coming back. I am really afraid for the majority of Americans today.”
     Are stable, well-paying middle-class jobs an endangered species? Economists say: Sort of.

     “The idea that one can have a single-earner family, get a good job, keep it for life and have a comfortable living is all but gone,” says Kevin Hallock, professor of labor economics and director of the Institute for Compensation Studies at Cornell University. “Long-term job stability is declining, and there aren’t good unionized jobs like there once were.”

     In Pictures: 10 Disappearing Middle-Class Jobs

     The recession may have just complicated and compounded what was already occurring. Generally, jobs are disappearing where there’s been a technological advance—“where a human was doing something, now a technology is doing it”–or a change in the way that organizations function, says Hallock. And not only are old-fashioned assembly line jobs on the decline, several white-collar office positions are also in jeopardy.

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