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Corporations cause US unemployment :: Asperger Technical

 

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 Post subject: Corporations cause US unemployment
Post Number:#1  PostPosted: Wed Sep 21, 2011 10:14 pm 
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Joined: 3rd April, 2007
Posts: 90
Nothing exactly new for us here in this Press TV report, but it's good that the media is now starting to take an interest in the effects of corporate bosses offshoring highlly skilled work.

US corporations and Wall Street are among the main causes of unemployment in the United States as they continue to move job opportunities out of the country, a former US Treasury official tells Press TV.

“So as long as Wall Street and the corporations profit by moving American jobs to countries where labor costs are substantially lower, there can be no recovery of the American economy,” Paul Craig Roberts, the former Assistant Secretary of US Treasury said.

He pointed to millions of middle class jobs which have been outsourced by US corporations to countries like China and India where labor is cheap.


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