US: Corporations find cheap labor haven in US

 The economic crisis that erupted in 2008 has been seized on by major corporations and their political representatives in the United States to slash workers’ wages and impose speedup. The Obama administration has spearheaded this anti-working class offensive. Its 2009 restructuring of General Motors and Chrysler was based on a 50 percent wage cut for all new-hires, setting a wage-cutting precedent that was rapidly taken up by manufacturing companies across the country. The United Auto Workers union supported Obama’s demand for poverty-level wages in auto, and it and other unions have gone on to back the attack on workers’ wages and benefits across the economy. http://www.wsws.org/articles/2012/jul2012/pers-j09.shtml

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