Tue Sep 18, 2012, 10:57 PM
guyton (749 posts)
Disgusting view into the cesspool of a Bain executive's mind: the benefits of outsourcing labor
I can't believe how angry this still makes me. It's a completely revolting quote from a former Bain Capital Partner regarding the "benefits" of outsourcing labor. I'm surprised that this didn't get any coverage after Chris highlighted it on his program.
Here's the quote:
Let's not kid ourselves about just how cheap offshore labor really is. We not only pay substantially less per hour, we also avoid the costs we would incur if these workers immigrated here. We don't pay for their medical expenses when they show up in the emergency room without insurance.
We don't pay for their pension costs if they don't save for retirement. We don't pay for their children's public education. Nor do we pay for their out-of-wedlock children, their unemployment benefits and workers' compensation, their slip and fall torts, their wear and tear on our public infrastructure, and the cost of their drunk driving, drug use and other crimes.
We outsource pollution, its adverse effects on our health, and its clean-up costs. Neither the employees nor their employers are here to vote and seek political handouts.
- Edward Conrad, former Bain Capital Partner
- Unintended Consequences, June 2012
And the video clip if you'd like to watch Chris Hayes read it.
Mitt, tell me again about all the freeloaders that vote for Obama?
It's not class warfare if we don't fight back.
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Replies to this discussion thread
Disgusting view into the cesspool of a Bain executive's mind: the benefits of outsourcing labor (Original post)
|Angry Dragon||Sep 2012||#2|
Response to guyton (Original post)
Tue Sep 18, 2012, 11:31 PM
Angry Dragon (24,100 posts)
2. and Bain also took those profits and showed their investors how to
take their profits, put them into tax shelters that Bain set up in the Caymans
BAIN -- the full service un-American company
Response to pangaia (Reply #3)
Wed Sep 19, 2012, 12:33 AM
guyton (749 posts)
4. thanks, I agree
I've been meaning to capture & post this video clip ever since the program aired. The amazing thing is this was in his book. It wasn't a hidden camera or an unguarded moment caught on an open mic. This was polished text that he put in his book. Just stunning.