"The scarcity of jobs and the low pay are direct consequences of jobs offshoring." Give Roberts credit for a plain, forceful sentence that says what has been said ten thousand times before. But it is not accurate, as the time series in the same article show. The great fall and stagnation of income for the majority began in 1973, long before the export of jobs became significant around 1990.
If there had been no job offshoring at all, the great majority would still have suffered falling earnings. Modern globalization added to the misery - and was made possible and kickstarted by the same forces that turned relative U.S. prosperity into stagnation and decline. See my latest book for the extended argument: The Hollow Colossus, http://www.hollowcolossus.com Roberts believes that U.S. capitalism can be revived and reinvigorated by returning to "real" accumulation instead of financialization and the rents of globalization. It cannot. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
