The Jobless Rate in U. S.

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                                                            The Jobless Rate in U. S.
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      There are only a couple of ways to explain how the capacity of U.S. workers to claim their accustomed share of the nation's income has so stunningly collapsed. Outsourcing is certainly a big part of the picture.
      As Stephen Roach, a famous economist, has noted, private-sector hiring in the current recovery is roughly ?million jobs shy of what would have been the norm in previous recoveries and U.S.corporations, high-tech as well as low-tech, are busily hiring employees from lower-wage nation instead of from our own.
    The jobless rate among U.S. software engineers, for instance, has doubled over the past three years.In Bangalore, India, where American companies are on a huge hiring spree for the kind of talent they used to scoop up in Silicon Valley, the starting annual salary for top electrical engineering graduates, says Business Week, is $ 10,000 compared with $ 80,000 here in the States.Tell that to a software writer in Palo Alto and she's not likely to up her boss for a raise.That software writer certainly doesn't belong to a union, either.
      Indeed, the current recovery is not only the first to take place in all economy in which global wage rates are a factor, but the first since before the New Deal to take place in an economy in which the rate of private-sector unionization is in single digits just 3.5 percent of the workforce.
     The current administration is not responsible for the broad contours of this miserably misshapen recovery, but its every action merely increases the imbalance of power between America's employers and employees.But the Democrats'prescriptions for more broadly shared prosperity need some tweaking, too.With the globalization of high-end professions, no Democrat can assert quite so confidently the line that Bill Clinton used so often : What you earn is a result of what you learn.This year's crop of presidential candidates is taking more seriously the importance of labor standards in trade accords, and the right of workers to organize.But they've got a way to go to make the issue of stagnating incomes into the kind of battle crying it should be in the campaign against Bush.If they're not up to it, I say we outsource them all and bring in some pools from Bangalore.