Reply #3: He'll cover it under 'globalization' ... read this article [View All]

[EVDebs]

The Benefits Trap
http://www.businessweek.com/magazine/content/04_29/b3892001_mz001.htm

"Perhaps most important, in the global economy, long-established U.S. companies are competing against younger rivals here and abroad that pay little or nothing toward their workers' retirement, giving the older companies a huge incentive to dump their plans."

All those multinationals are dumping healthcare and pension plans. It's called socializing your costs and privatizing your profits, since the CEOs take the money and run, offshore.

They outsource the jobs, even bringing in visaholders (H1B, L1s) and pay those workers less while at the same time displacing US workers who are often forced to train their visaholding replacements.

BTW, who pays for the illegal immigrant's healthcare expenses ? Certainly not the company that did the hiring. That company should be paying the expenses plus the $10,000 fine for hiring the illegal worker in the first place !