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Issue: Social Issues
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Date added: June 1, 2000
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No of pages / words: 3 / 768
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since the last amnesty. Immigrants are the biggest problem of job shortages. Companies can hire immigrates for less than minimum wage. These immigrates do not have any problems with there wages because they made little or less in their home country. In the past decade, "American jobs screamed out of the United States at an ever-accelerating rate of speed," says Wooldridge, "While American workers stood in unemployment lines, major corporations insourced, outsourced and offshored jobs to Third World countries...
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Why? They could obtain labor for $1.00 an hour and sometimes less. Capitalism knows no loyalty to man, beast or country." One example of a corporation exercising this scheme is Bank of America. This company cut 5,000 jobs, and sent 1,250 of them to India. The company has also announced that they would cut 12,000 in the next two years or so...
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