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Profile Information

Name: Jim Guyton
Gender: Male
Hometown: Ventura, CA
Home country: USA
Current location: Nederland, Colorado
Member since: Sun Oct 15, 2006, 03:45 PM
Number of posts: 1,108

About Me

Grumpy old fart.

Journal Archives

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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