Unemployment has become this nation’s biggest paradox. Corporate profits are at an all-time high, but millions of Americans are still out of work and many of the good-paying jobs that built and sustained this country’s middle class for decades are moving to far-away places…especially India.
According to many in Washington and Wall Street, outsourcing is part of keeping American companies lean and competitive. There will be costs, they say, especially for displaced workers, but in the end India’s success will be America’s success — a “win-win” for everyone.
Others warn that we need to start thinking about just what it is we’re trying to win. Because even though corporations are thriving, in the global fight for jobs, America is losing big.
Be sure to watch Tuesday January 18th 8pmET on HDNet