The U.S. Middle Class Is Being Wiped Out:The U.S. Middle Class Is Being Wiped Out

[Humpy]

Quote from PocketChange:

$1 a day is rs 45. Street Food in India is rs 5 - 10. Fresh produce is cheaper. $1 a day can feed a family of 4 but still at impoverish conditions.

Call Center operator start at rs 4000 and with experience earn 8000-12000 a month. Engineers start at 8000 and can earn 25000

These wages are not poverty level wages but are wages establishing India's new middle class. In the US $500 a month won't cover benefits... actually can't even hire the 12 year old baby sitter next door to watch your kids from 3 - 5.

If you want to open a call center in the US you pay $25K to start and up to $45K. It's close to a 20/1 advantage to outsource typical middle class jobs overseas.

Call Centers, Medical billings, collections, inside sales, support... Even lawyers were being sacked for $12 an hour offshore attorneys until they passed regulations to protect their industry.

Just been watching the British Open golf tournament. The winner takes home well over $1,000,000 for a pleasant weekend's competition !
Must be something wrong with the system when 1/3 of the world is near starving !!
That's Capitalism for you bub
Unfair and uncaring

 

[Humpy]

Quote from Humpy:

Just been watching the British Open golf tournament. The winner takes home well over $1,000,000 for a pleasant weekend's competition !
Must be something wrong with the system when 1/3 of the world is near starving !!
That's Capitalism for you bub
Unfair and uncaring

But worst of all it's now obvious to even the limited intelligence folk it's

UNCOMPETITIVE

for "developed" countries read senile

there is a huge over capacity on the planet to produce everything from TVs to refrigerators, cars etc etc.
so

1) a country can build a high wall around itself with tarrifs, missile shields etc. or
2) upgrade its economic and political systems to compete

 

[nutmeg]

Quote from Humpy:

Just been watching the British Open golf tournament. The winner takes home well over $1,000,000 for a pleasant weekend's competition !
Must be something wrong with the system when 1/3 of the world is near starving !!
That's Capitalism for you bub
Unfair and uncaring

The winner takes home well over $1,000,000 for a pleasant
------------------

These people are income generators or economic engines. A million might not be enough based on activity as a result. Whether someone is poor somewhere else has no bearing on a grand prize.

Of course the grand prize is the the result of a person investing in themselves via money time and study.

It's not uncaring or unfair.