How Did America Get Into This Mess? Y2K


February 6,2010

Y2K

Now, we ran into the Y2K problem. It was still 1997.  But now the corporations, the government, the financial institutions, and even NASA are getting worried.  Why, because on December 31, 1999, at exactly midnight, the calendars worldwide had to roll over to the year 2000.  The computers were not programmed to do that.  Let’s face it; they themselves have not been around for a hundred years yet.  So, there was a strong desire to get computers and clocks on computer timers programmed to roll over from the 1900’s to 2000’s and thru 2099. 

This was a mammoth task, it had never been done before and the powers that be knew it would be an overwhelming project.  This needed to be done worldwide, so you can see that this was probably one of the largest global endeavors ever and everyone needed to complete the project by December 31,1999, Mid-night.

 Programmers from every city in the country were hired to work on this project.  By 1998 it was decided that we needed more programmers, but where do we get them?  America went to India and hired programmers from India.  Many were brought back to the US on special visas, just to work on this problem.  There is a large segment of India’s workforce that is college educated.  Many had attended college in the USA.  These programmers were highly educated and many had Masters degrees.  The pay scale in India was not as high as ours.  Annually they may have been paid $12,000 to $15,000 in India while Americans with the same qualifications were paid much higher salaries in the USA.

Remember these were desperate times.  There was a deadline. So, we hired in many cases more highly educated people from India than we had access to in the US and these employees were satisfied with being paid less than American programmers.

 Well, Y2K, December 31, 1999, mid-night came and went without a hitch, it turned out to be a non-event.

 I feel that after the American corporations, NASA, the Federal Government, and others in private industry worked with these highly educated, hard-working employees, opinions on out-sourcing changed dramatically.  Corporate management, government contractors etc. were very pleased with the Y2K results and they had become friends with many of these foreign employees from India after working side-by-side for two or three years.  Corporate America decided that they could save money by hiring cheaper labor for computer programming, and service oriented jobs etc. by out-sourcing to India.

 Many workers in India are highly educated, and earn far less than their counter-parts in America.  And so, it began; out-sourcing was implemented on a major scale and like a snow-ball rolling down a mountainside, it picked up speed, actually we started losing jobs, in this country, at a warp speed pace. 

 Certainly those workers who were employed at companies that were out-sourcing jobs were aware of what was going on.  They told their friends, families and anyone else who would listen.  At first, no one did listen, but soon, the labor unions were complaining about losing jobs, employees complained, even cities were getting into the act.  Some American companies were closing shop in the USA, and moving their operations over-seas.  And worse yet, some city governments were moving their administration work over to India. 

I mean if there ever was under-handed dealings in government this was definitely part of it.

 Jobs that were supposed to be part of America’s new future after all the out-sourcing of manufacturing jobs; service jobs, went to India, and nearby Asian countries for much lower salaries than it would cost to have the work done here in America.

 On an average, between 1997 and 2001 we lost approximately 40,000 jobs/month to out-sourcing.  That number increased after 911.  Labor unions complained, American workers complained, but bottom-line we priced our-selves right out of the American work force.

 Now, the fact that Americans traditionally were always loyal to American corporations; they worked for a company, promoted their products by word-of-mouth advertising, and also by buying their products, did not seem to phase Corporate America.  Hey, they were in business to make money, not be your friend. 

Well, that’s how it turned out.  But it wasn’t always like that.  I remember when I worked at one of the auto companies many years ago.  If you drove into work in the competitions car, it would be mentioned to you.  No, there were no rules that said you had to buy the car that your company produced, but you were told that it would be “nice if you did”.  Most Americans, who worked for an auto company, were loyal though, and most bought the cars that their company built.

 But, hey, loyalty only goes so far.  The American workers were always loyal employees. The same cannot be said of Corporate America and even our Congressmen.

Next:  911

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4 Comments on “How Did America Get Into This Mess? Y2K”

  1. hungry4food Says:

    this link was changed ; http://ia311021.us.archive.org/3/items/TheFirstGlobalRevolution/TheFirstGlobalRevolution.pdf
    this is a vital link to understanding the resistance to free enterprise and why we are in a phase of uncertainty in supply-side economics

  2. hungry4food Says:

    here is a new link to the China says Population control key to climate change deal ;

    http://www.chinadaily.com.cn/china/2009-12/10/content_9151129.htm

    in terms of debating a recovery in supply-side economic fundamentals , how does population control effect the ability to value a economy that has to value consumption growth if consumer growth is stagnate going forward under this type of monetary policy ?

    See this link on the future of population growth by the top tier 1 money group ;

    http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6350303.ece

  3. hungry4food Says:

    the perfect political policies to rally a majority of voters in the environmentalist block of voters , by shutting down and relocating large sectors of raw material and manufacturing that was then relocated By the Multi-National Corporate players who you will find on the donor list below , and financial support was what the 1994-5 WTO FREE TRADE agreement lead to .
    See this donor list , and you will find all the beneficiaries of the Tariff Free Import trade policy , as well as the Environmentalist Interests , which led to the complete merger and consolidation of the retail sector thus consolidation of the wealth of the distribution of this wealth , thereby making a crisis that then would need to be regulated , these politicians think long term and plan out these types of outcomes ; the 2 links below show you who was the greatest beneficiaries of the WTO Free Trade agreement , there heads of the Big Retail Multi-National consolidators make up a larger portion of the list .

    http://www.nytimes.com/2008/12/19/us/politics/w19clinton.html voices.washingtonpost.com/…/2008/12/clinton_donor_list.html

    In my opinion this was all by design , and means to a ends , as laid out here in these 2 links ; http://en.wikipedia.org/wiki/The_Communist_Manifesto
    http://vcn.bc.ca/citizens-handbook/rules.html

    And this policy below was the vehicle that led to this consolidation , and was told by independent analysis that the outcome was pertinent to the position we face today , but was ignored by the policy makers , Why ??? You know why , so they could create the crisis which now they can try to appear as the remedy too , by actually now what is trying to be put in place is Bigger Government because of a destruction of the Mom and Pop retail Sector of the wealth redistribution frame work of the period of time in US history before this Trade Policy was enacted was the greatest period of American family wealth creation in modern history but was altered to favor the power brokers on wall street , that put together the frame work that led to the consolidation of this wealth creation and redistribution network that feed a local community , made American families able to be self providing . In the 1990s I often wondered while all the merger and acquisition of the retail sectors , and manufacturing sectors that then led to the off shore movement of the labor , where was Our FTC that was to be the regulator on how much of a controlling interest a corporation could own , where were these regulators , but see from a WTO rule point , the Percentage of Consolidation of a sector is not measured on a national level , but from a Multinational level . But with Gresham’s Law of the 14th Century at play here , allowing different valued currencies to trade in the same market places , the manipulated lower valued currency will always end up consolidation the durable wealth a market . This is crucial to what happened over the last 15 years . Read this link ; http://www.statemaster.com/encyclopedia/Gresham%27s-law – this 14 th Century economic calamity was what brought down the economies of England leading up to the flight of citizens in search of a new world , like Columbus and all the others that fled and relocated to other parts of the world . What happened was a Trade action that took durable creation away from the local merchants in England , over to north Africa , by the parliament that led to a consolidation of the barter system of trade and durable wealth creation and distribution , this is almost like a road map for wealth destruction , and before the 1990s , economics taught students this fundamental flaw in economic function , and is the reason why tariff rules between different valued currency nations who want to trade exist so as to create a way to maintain balance between nations bartering and at the same time keep fundamental balance in labor and price for durable goods markets . This is what is the determining factor in a nations sovereign wealth and sovereignty overall . With this mechanism out of place , we see the results . But was it by design , and I ask this because the people we put in place to Government are Proven to be the highest educated and or hirer the highest educated in their field of expertise , but when you factor in a political agenda , and the ideology in that venue , you have to wonder if these events are all by design for a certain out come to transpire ????
    The High Cost of the China-WTO Deal: Administration’s own analysis suggests spiraling deficits, job losses
    By Robert E. Scott,
    February 1, 2000

    http://www.epi.org/publications/entry/issuebriefs_ib137/


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