Mephisto said:
Besides, if that particular financial tactic is from Economics 101, WHY then aren't U.S. corporations increasing the benefits and pay of what few American workers they still have? It couldn't have anything to do with the refusal to cut down their profit margin just a bit, could it?
Why do US corporations want to increase pay and benefits for their US workers? They have an oversupply of workers as it is (one of the benefits of outsourcing), so the idea of making the oversupply worse would be silly.
If there were actually a world-wide labor shortage, you would quickly see corporations offering better pay and benefits. You still see that in some area where there is such a shortage, for example, in nursing and security professionals.