Home > Uncategorized > AMERICAblog – Corporate America lowers the unemployment rate … in Asia

AMERICAblog – Corporate America lowers the unemployment rate … in Asia

From AMERICAblog:

Corporate America lowers the unemployment rate … in Asia

by Gaius Publius on 12/30/2010 02:49:00 PM

It’s becoming more and more obvious, the disconnect; as Robert Reich points out below, unemployment stays high as corporate profits soar. Not that the disconnect wasn’t always present (“always” means post-Reagan, the outer limit of anyone’s memory these days). But it’s getting harder to hide, and they’re not taking much pains to keep it under wraps.

This Countdown segment does a nice job of making the disconnect plain. Corporate America has created 1.4 million jobs abroad — enough to reduce American unemployment nearly 1% if created here. Can’t get much more obvious.

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