AMERICAblog – Corporate America lowers the unemployment rate … in Asia
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.