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Tag "US decline"

“Labor Day” should be renamed “Corporation Day” or “War Day”

by Dr Paul Craig Roberts for Infowars It is Labor Day weekend, 2011, but labor has nothing to celebrate. The jobs that once gave American workers a stake in capitalism have left and gone away. Corporations in pursuit of near-term profits have moved labor’s jobs to China, India, Indonesia, Taiwan, South Korea and Eastern Europe. Labor arbitrage, that is, the substitution of foreign labor that is paid less than its

Spinning Unemployment Figures in a Collapsing Empire

by Dr. Paul Craig Roberts for Global Research The Bureau of Labor Statistics (BLS) reported Friday that the economy gained only 103,000 new jobs in December–not enough to keep up with population growth–but the rate of unemployment (U.3) fell from 9.8% to 9.4%. If you are confused by the report, you are among the many. In truth, what fell was not the number of unemployed people but the number of

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