Examines the growing corporate trend of moving American jobs to cheap labor markets overseas, discussing the impact of lost jobs on American workers and communities and pointing out government complicity in the practice.
Lou Dobbs was an American television personality, author, and radio host. Dobbs joined the FOX Business Network in November of 2010. He is the host of Lou Dobbs Tonight, a primetime program featuring a breakdown of the day's top stories and how they impact the economy. He had previously anchored Lou Dobbs Tonight on CNN until November 2009. For his reporting, he won the Emmy, Peabody, and Cable ACE awards.
I love buying and reading these types of books. Boats, yachts, historical events and books about the sea are generally excellent. If there are sequels in your series, I would love to read them.
The beauties of owning the books of important authors cannot be discussed. I'm looking forward to your new books.
For friends who want to read this book, I leave the importance of reading a book here. I wish good luck to the sellers and customers...
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I decided I can't read any more of this book, since I disagree with the author too much and/or it makes me too uncomfortable. The corporate overlords hoarding money who he is decrying here are American, so it's not that profit is not coming to my native country, ergo xenophobia can't be an underlying thread of dread here. (Unless I didn't read between the lines properly and the Russian oligarchs are the ones raking in the dividends here, but I don't think that's what he's talking about… for example, the head of Wal*Mart is a wealthy American guy named Sam, just like Uncle Sam, and I think we all know the Wal*Mart workers' mind-numbing plight by now.)
Dobbs voices the concern that corporations are hiring cheap foreign labour rather than hiring locally so that Big Business can wallow in the proceeds - abroad there is no $7.25 minimum wage, so tycoons "fund" things like huge Indian call centres or production of Chinese trinkets since they can get something for virtually nothing much easier that way. That minimum wage is there for a reason: so people can afford the products they need, as in economics, production costs heavily. So, like everyone says, the richer get richer and the poorer get poorer, as it was when this book was published in 2004.
Mostly he sounds upset over how manufacturing jobs have fled the borders so now promising young gentlemen can't get old fashioned 9-to-5 factory jobs any more. I don't know anyone who has had this.
Oh well! So this book: the corporation concern from when I was in high school, it made me uncomfortable. No wonder I didn't take anything like that up - when this book was written, I had just gotten hired for my first job at Music & Arts, which was *technically* part time but then the summer of 2007 I was there all day every day.
This read I found marginally useful in American [modern] history and for the 48th book of my 250 goal. Let's see… oh good, I'm about a hundredth of a percent ahead! ^_^ It's a good thing since I'm really interested in some huge honkers of books like that 7 novels of Verne monstrosity...
I read this book years ago, before Lou started spreading conspiracy theories and supporting an alt right agenda. Back then Lou was just another middle of the road commentator, not interested in saying controversial things for ratings (i.e. a bigger paycheck.) This book is written in that spirit. It's dated now but can still be of interest for historical context especially as the issue of American jobs going overseas is still a problem.
I would say this is hardly a book. If it had been written today it would probably be released as a kindle short. Lou Dobbs makes a good case for keeping jobs in America. I can't imagine anyone would disagree with him. Evidently, there are economists that do. Dobbs effectively takes apart their arguments. Cheaper goods do not benefit Americans if no one has a job to buy them. Makes sense to me.
Good book about how Clinton killed off industry in this country and shipped jobs overseas to reduce foreign aid. Seems as if foreign aid is not as important as maintaining the stability of the nation.