Sunday, June 9, 2013

U.S. becoming "Third World India 40 years ago" with low wage jobs. We don' Build Thinks Anymore....

Former Assistant Treasury Secretary Paul Craig Roberts identified the jobs Republicans like to call “going in the right direction,” with the 179,000 jobs created in May. Thanks to America United for the story tip:
TruthDig: Retail, 27,700; wholesale trade, 7,900; ambulatory health care services, 15,300; servers and bartenders, 38,100; local government, 13,000; amusement, gambling and recreation, 12,500; temporary help, 25,600; business support services, 4,300; services to buildings and residences, 6,400; accounting and bookkeeping, 3,100; architecture and engineering, 4,900; computer systems and related, 6,000; management and technical consulting, 3,200.

“For a decade this has been the jobs profile of ‘the world’s most powerful economy.’ It is the profile of third world India 40 years ago. The jobs that made the U.S. the dominant economy have been moved off shore by corporations threatened by Wall Street with takeovers if they did not increase their profits. The U.S. has twice as many people employed in government than in manufacturing,” and virtually no new jobs for the “vast number” of recent college graduates.

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