Posted 10 years ago on April 5, 2012, 9:46 a.m. EST by Recycleman
This content is user submitted and not an official statement
Unless you have had the joy of travel through the countries know as 3rd world then you don't understand what we are fighting for. We need to first understand why the corporations are choosing to take from the poor and give to the rich.
The 1% are rich in stocks. They own the corporations by proxies. They see profits in dividends and budget their cash flow on the payments from the stocks quarterly. To pay dividends the corporations have to exceed the budgets based on previous budgets + a percent of profits.
What that means to you and me.
Expense reduction is the first and easiest way to increase profit.
By outsourcing jobs to the 3rd world countries they reduce labor expense by up to 80%. Problem is that only works for 1 budget. Then they outsource to the next cheaper available country. That will work for 1 budget.
Reduction of benefits. This one is a source of many different profit enhancing reductions. Reduce insurance matching funds. Reduce the liability of funds paid to retirement funds. Corporations invest your 401 with other corporations and receive refunds and reductions on the investments on cash on hand due to representing a large cash flow from employee retirement funds. They use the savings for the corporations and do not pass that on to the employees. As large customers, the executives receive opportunities to invest in IPO's offerings prior to release and other similar types of advantages. They hoard these to a select few people in the corporation.
Outsource local. Temporary positions. Use of short term labor to help for limited time. This has now changed to. Use of outsourced temps with temp supervision. That is where the real money comes from. Replace USA jobs with temps supervised by temps. You get several profit enhance revenues. Temps get no benefits. For every employee converted to temp status you have a drop in pay and no benefits. Also no unemployment services. The supervision by temps creates other benefits such as insurance. They Temp company takes on the worker comp for the hiring corp. This means that they have limited their liability of production staff to someone else and they are free from protections to employees. There is no cases of workers comp so the insurance policy is reduced for the corporation.
high unemployment means you have a surplus of labor and shortage of jobs. When the corporation has that advantage they fire long term employees and then replace them with new employees (temps) in the new lower pay scale. They created the surplus of labor by outsourcing in the first place. So now they can come back to the USA and create jobs. In reality the payroll reductions of USA jobs now override freight costs. So to decrease freight cost they hire temps in the USA. The pay-rate is higher but delivered cost has dropped. Now if you raise the taxes on the corporations they will not pay as high on the dividends. The 1% will put cash into the one place that reduces taxes directly. Politicians
That is why we the 99% can rule. 99% of the votes is what they will address now. You think they will let us have that over their heads long. We need to ride this pony hard and fast. Get representation under contract of termination agreements. Make the candidates temps...
We can outsource the 1%. They are expense
That is what we can do as to the envy of other countries. vote vote vote