United States Becomes Sweden’s Third-World Outsourcing Destination

United States Becomes Sweden’s Third-World Outsourcing Destination

Posted by JacobSloan on April 11, 2011

“It’s ironic that IKEA looks on the U.S. and Danville the way that most people in the U.S. look at Mexico,” Street said.

When a large multinational corporation is looking to cut costs, what does it do? Send jobs overseas to a less modernized country — one where salaries are a fraction of those at home and the law provides few rights or protections for workers — and watch the profits roll in. We are speaking, of course, of Sweden’s IKEA, and Virginia, USA. Is this our economic future? Current reports:

Here we are, folks. Sweden’s third-world sweatshop. IKEA takes advantage of the destruction to our economy caused by outsourcing jobs by outsourcing their own jobs to the U.S.–and paying less than the workers in Sweden get ($8 in the U.S., $19 + better benefits in Sweden, for making the same products), about 50% of what the median income is in Danville (the…

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• Posted in: Business, Corporation