2008-06-30: The Decline and Fall of the American Economy: Offshoring Our Security
“Offshoring has reduced the availability of good-paying jobs for middle-class Americans. It is not only manufacturing jobs that are being moved abroad, but software-engineering jobs, IT jobs, and a wide range of other professional occupations. Consequently, the ladders of upward mobility are being dismantled. Many of the professional jobs that remain are being filled with foreigners, especially engineers and IT professionals from India, who are brought in on work visas and paid less by U.S. employers, who falsely claim worker shortages. Many thousands of U.S. employees are discharged after being forced to train their foreign replacements. The pursuit of lower-cost foreign labor is eroding consumer purchasing power in the United States.”
