The primary cause of unemployment in the US today is our policy on foreign trade. When we opened up to the China and other Asian markets our corporations quickly discovered that those nations were happily taking US products, copying them, and selling the counterfits back to our people as legit items. In order to protect their profits, they pressured Congress to pass laws to protect their property.
So now there's basically a gun to the head of other countries saying, "If you don't self-police and stop knocking our stuff off, you'll have your rights to trade with the U.S. revoked!"
But the corporations didn't do the same things where worker compensation and benefits are concerned. They didn't say, "Hey, we pay our people a certain amount, refuse to have child labor, and require that they receive certain benefits...so in order to compete properly if you don't self-police and do the same you won't be able to trad with the U.S."
Stuff from Asia is pretty much manufactured under slave labor conditions. The people are not highly paid and are desperate. When you step back we see that slave labor is alive and well in American culture...we've just outsourced it so we don't have to see the dirt we're rolling in.
by devonna316 years ago
Does unemployment compensation hurt or help our U.S. economy?
by Marlene Bertrand5 years ago
How do people survive when their unemployment compensation runs out?In the town where I live, entire business complexes are shut down. Jobs are few and opportunities are nonexistent. I often wonder what people do to...
by EO-356 years ago
What are the causes of underemployment and unemployment???
by titilulu7 years ago
What are the chances of reinstatement of unemployment compensation or winning an appeal after...reporting a job refusal due to a low salary offer, not commesurate with the position and years of experience?
by GA Anderson3 years ago
The point of corporations, (not just U.S. corporations), using cheaper overseas labor has prompted a common designation that the labor they are using is slave labor...I think this is an incorrect description. And I...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.