The unasked question in the whole stimulus debate is how many real jobs will go to real Americans seeking work? According to Robert Oak of the Economic Populist and a report from American University School of Communication by Russ Choma not very many.
As reported many times our current unemployment rate has risen to 10.2% with underemployment at almost 20% and in real numbers 16 million Americans unemployed yet our tax dollars used in the TARP bailouts and the economic stimulus are creating employment in other nations. In the case of TARP money recipients Americans were laid off so that companies could hire foreign guest workers. In the American Recovery and Reinvestment Act of 2009 there are no provisions that jobs created by this money go to Americans.
Alan Blinder in his paper," How Many jobs are Offshore," estimates that 22 to 29 % of U.S. jobs could be outsourced right now. Computer programmers, Technology, Mathematics, and Engineering jobs are at the top of the list. IBM literally suggests that American workers begin outsourcing themselves to find jobs.
While they deny it, many companies are completely set up to offshore and outsource jobs created by taking U. S. tax dollars. Robert Oak reports that U.S. firms have outsourced 22,000 green technology jobs alone, since Jan. 1, 2009.
Oak quotes a study used in preparation of his article that states he notes rather ironically that," In the U.S. the green stimulus plan is creating low wage installation and construction jobs. But in India, which is increasingly associated with cheap low wage skill work, New green jobs include higher dollar engineers, statisticians, business management and support technicians charged with designing innovative environmental friendly solutions."
The very companies lobbying for stimulus money and government contracts are outsourcing every job that is a good job created with our tax money as our unemployment rate hits 10.2% This is just another nail in the coffin of the apparent lie that Americans need more education for good paying jobs in the future.
Here is some food for thought about whether or not we can continue to tolerate the global economic lie:
Unemployment rate 10.2% it was 1983 when unemployment was last this high.
Ratio of job seekers to jobs 6.3 to 1
Total number of jobs lost in this recession 8.1 million
number of people unemployed 16 millioon
Number of people unemployed for over 6 mos 5.6 million
Number of jobs needed to return to prerecession levels 10.9 million
percent of population living in poverty 13.2%
percent of children living in poverty 19%
statistics from economic Policy Institute