Your immiseration hypothesis fits right in with Marxist theory.

The tendency to pay the workers bare survival wages leads to the increasing immiseration of the proletariat.

This is right in line with your comment,

The fundamental fact of economics that the supporters seem not to get is that if the race to the bottom continues unabated even people with degrees will be in the line for Wal-Mart jobs because there is nothing that can?t be done somewhere else cheaper.

You clearly see the market economy as one where workers are paid smaller and smaller salaries.

That means that accounting, marketing, business processes, engineering, product development, you name it, can be and will be done somewhere other then the US in time.

Specious nonsense. You really want us to believe that there will eventually be 100% unemployment in the U.S., that nobody will have a job? Please. The reason for offshoring isn't simply just that it can be done somewhere else cheaper, but a host of factors. Further, even if true, the market will equilibrate and that means that there will be a point where the problem you are pointing too will no longer exist.

What is it about that simple observation is in any way Marxist, or do you simply throw that around that word when you can’t think of anything clever to say?

Rick, you are confusing yourself with me.

God this is good, I almost spit coffee on my keyboard, you do understand that the reason that Toyota and Honda have plants here in the US is do to protectionists laws that limit the ability of foreign automakers to import product. Or did that tid-bit of news escape your attention?

Of course, I knew this. The point is that there are "offshore CEO's" hence your observation is false. There are plenty of companies that get bought out by offshore interests.

The question I want answered is why companies pay senior level management huge salaries when they could hire foreign executives with many years of management experience for a third of the cost.

Because costs are only a part of the issue. Others are culture, language, distance, etc. To focus on just one variable is what has lead to making a silly statement.

I’m mean if we are going to globalize then let’s do it and get all economic sectors in on the fun race to the bottom.

There is that Marxism again. Maybe you should go read some Krugman.

Hell companies move their headquarters to off shore island nations to get out of paying taxes why not move the executive team to Bosnia where there are few, if any, oppressive regulations holding them back?

My that was incredibly stupid.

Gee…you mean Toyota and Honda don’t have plants here with their CEOs in Tokyo?

God this is good, I almost spit coffee on my keyboard, you do understand that the reason that Toyota and Honda have plants here in the US is do to protectionists laws that limit the ability of foreign automakers to import product. Or did that tid-bit of news escape your attention?

The question I want answered is why companies pay senior level management huge salaries when they could hire foreign executives with many years of management experience for a third of the cost. I’m mean if we are going to globalize then let’s do it and get all economic sectors in on the fun race to the bottom. Hell companies move their headquarters to off shore island nations to get out of paying taxes why not move the executive team to Bosnia where there are few, if any, oppressive regulations holding them back?

No what it shows is that the economy is so bad that that many people have little choice then to work at Wal-Mart.

Oh please, it does not. You correctly point out a ridiculous statement by the Wal-Mart PR guy, then turn around and make a similarly nonsensical statement but in diametric opposition.

The fundamental fact of economics that the supporters seem not to get is that if the race to the bottom continues unabated even people with degrees will be in the line for Wal-Mart jobs because there is nothing that can’t be done somewhere else cheaper.

Gee Rick, I didn't know you were a Marxist. Of course, most serious students of economics and the economy ditched Marx' immiseration of the proletariat about 100 years ago.

Even CEO’s, I mean why not get a top performer from Asia or Europe who are used to working for far, far less.

Gee...you mean Toyota and Honda don't have plants here with their CEOs in Tokyo?

C'mon Rick you can do much better than this.

Then the conservative demonization of ... low income people...

I don't think that's water you're drinking there, Ken.

You need to work on your reading comprehension skills. Try for that GED.

..I am (a capitalist / entrepreneur).. But in order to make money I have to have a large population of people with disposable income. These Wal-Mart workers don’t get paid enough to pay for my goods and services. The former group of people (solid middle class with some to lots of disposable income)is shrinking, not growing...

This need for business to have plenty of customers with disposable income used to be widely understood. There was a time when wage supports, be they labor contracts or minimum wage increases, where almost univerally supported.

Then the conservative demonization of unions and low income people became conventional wisdom and America has suffered ever since. There was once a time when a barber shop, a shoe store, a contractor, would support grocery store strikes for example. Not any more. Even if it means that their customers will have less money to spend on their products/services, they would still rather see the unions destroyed. Then, good republicans that they are, they complain because people who once had union negotiated health benefits are now taking public assistence to pay for their medications. And for all that, they are no better off themselves. They still have to work like a dog to make a living.

Perhaps they take some sick pleasure in seeing others lose a degree of security that they, as business owners, have never enjoyed.

Actually I am (a capitalist / entrepreneur), thanks for asking. But in order to make money I have to have a large population of people with disposable income. These Wal-Mart workers don't get paid enough to pay for my goods and services. The former group of people (solid middle class with some to lots of disposable income)is shrinking, not growing which is sort of born out by the article that James cited.

What this tels me is that the economy for wage earners is crap.

All the more reason to ditch the proletariat and become a capitalist (entrepreneur).

Its pretty amazing when you think about. Wal-Mart is opening a new store in Evergreen Park, Illinois, a Chicago suburb. The store is located near the border of Evergreen Park and Chicago, so its not surprising that the vast majority of its job ap ......