Et Tu, Mickey Mouse? Disney Pads Record Profits By Replacing U.S. Workers With Cheaper H1-B Guestworkers - epi.org
Excerpt from this article:
"There was a lot to celebrate in the Magic Kingdom this year. The Disney Corporation had its most profitable year ever,
with profits of $7.5 billion—up 22 percent from the previous year.
Disney’s stock price is up approximately 150 percent over the past three
years. These kinds of results have paid off handsomely for its CEO Bob
Iger, who took home $46 million in compensation last year...
Well, how did Mr. Iger repay his workers—sorry, I mean cast
members—for creating all this profit? Not with bonuses and a big raises.
Instead, as the New York Times just detailed in a major report,
he forced hundreds of them to train their own replacements—temporary
foreign workers here on H-1B guestworker visas—before he laid them off."
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Recommended reading:
The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy - Patrick Buchanan
Here is an excerpt from this great book:
"No
site better captures yesterday's America than Detroit, forge and
furnace of America's democracy. Detroit is the burned out case of
American cities. The Empire of the Sun has its revenge. Japanese imports
helped kill the city that built the weapons that destroyed the empire.
Now grandsons of the soldiers of the imperial army work at high paying
manufacturing jobs once held by the fathers of ten-dollar-an-hour retail
clerks in Macomb County.
"But why blame the Japanese?
We did it to ourselves. We Americans created a post war trading regime,
in which, over 25 years, Japan bought 400,000 American cars while
selling us 40 million Japanese cars, a ratio of 100:1. One president
after another sat still while a third of America's greatest industry was
shipped off to Japan...
"Americans no longer make
their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a
third of our autos, half our machine tools, and two-thirds of our
textiles are made abroad...
"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages
have fallen and the standard of living of American families has
stagnated because of a basic law: the law of supply and demand. The
price of labor has been dropping because the supply of labor has
exploded...
"Having declared free trade and
open borders to be American policy, why are we surprised that corporate
executives padlocked their plants in the Rust Belt and moved over seas?
Why keep your plants here when you can manufacture at a fraction of the
cost abroad, ship your goods back, and pocket the windfall profits that
come from firing $20 an hour Americans and hiring fifty-cent-an-hour
Asians? A pair of Nike's that sells for
$150 in the United States costs $5 in wages to make in Indonesia. Any
wonder that Nike president Philip Knight is the fifth richest man in
America, with $5.2 billion, while his Indonesian workers make 31 cents
an hour?" (Emphasis mine)
More recommended reading:
Companies Lay off Thousands, Then Demand Immigration Reform to Get More Workers - washingtonexaminer.com
Adios, America! The Left's Plan To Turn Our Country Into A Third World Hellhole, by Ann Coulter
