“At last summer’s Aspen Ideas Festival, Michael Splinter, CEO of the Silicon Valley green-tech firm Applied Materials, said that if he were starting from scratch, only 20 percent of his workforce would be domestic. “This year, almost 90 percent of our sales will be outside the U.S.,” he explained. “The pull to be close to the customers—most of them in Asia—is enormous.” Speaking at the same conference, Thomas Wilson, CEO of Allstate, also lamented this global reality: “I can get [workers] anywhere in the world. It is a problem for America, but it is not necessarily a problem for American business … American businesses will adapt.””
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What is interesting to me about this is that Michael Splinter has basically said that the collapse and elimination of the middle class (to be crude, single family home owners), with an investment in the future of their neighborhood, is basically a part of the process. And if the middle class in the US shrinks but the middle class in India or China grows, then so be it. When I mentioned this to Rob, he said, well he can say that, he isn’t a politician. And I thought, well don’t corporations and employees influence politicians through donations? So then…. ~allcity #shitIwrotenearlyaYearago
Read this post with this article from the Mother Jones website.
(via newmodelminority)