In Defense of Sen. Webb's Economic Assessment
Readers of this blog know that my own direct experiences in the labor force support Dr. Roberts’ arguments.
I grew up in a household in which my parents believed as Jim Webb’s father: that with hard work, education and some intelligence, a person could essentially achieve anything.
However, my experiences in the labor market call this belief into sharp question.
I have “retrained” – done as the globalist free traders insisted in the 90s after NAFTA and today as they push new trade deals. I remade myself into an "information technology professional" -- a technical writer, software tester, software engineer and database administrator. I did this with a lot of support from my wife at considerable personal and financial cost. The time and money devoted to this endeavor was significant.
Now, after more than a decade of IT work, I face the continuous, even mounting threat of replacement with imported “guest workers” and job loss to offshore outsourcing.
In order to be hired into my present job, I “low-balled” my salary requirements knowing that the large numbers of (1)foreign guest workers ("H-1bs") and (2)unemployed American IT workers made competition for scarce IT jobs fierce.
In short, like millions of other Americans, in and out of IT jobs, I face declining job security, a constant or growing workload, and earn a salary sharply reduced from industy norms of just a few years ago.
Is this the “American dream” of middle class life? I think NOT!!
Read what Dr. Paul Craig Roberts has to say in "Economists In Denial; Blind To Offshoring's Adverse Impact" at http://www.manufacturingnews.com/news/07/0206/art2.html