This is the story of what has happened to America since the 80s:
Outsourcing jobs to places where people don’t have a say so they can’t demand good wages, firing people and making them reapply for their jobs but at half the pay, gutting people’s benefits, stripping companies, treating employees like throwaway Kleenex, closing factories, stealing pensions, borrowing and pocketing… Locust capitalism. Chop shops.
And keep this in mind if people try to tell you that doing what it take to increase the stock price helps everyone:
Also see post above, When Mitt Romney Came To Town — Who Benefits?