A system that confronts the majority of its workers with "you either accept low wages or you risk having no wages at all, that's a system that sooner or later will be rejected by the people it confronts in that way.
The trickle up economic of only the elite benefit and sc--w everyone else - just like Wells Fargo is doing pushing jobs to India as fast as it can - is doomed to failure.
No country that wipes out its middle and lower classes in this way has ever survived.
Get ready for some very ugly politics.
Buckle up boys and girls.