Tuesday, September 28, 2010

Economic Treason: What Kind of Country Destroys the Job Market for Its Own Citizens?

A bit old, but apropos to our time. It's only been getting worse since July of 2005. Different administrations but same result. However, with Bush it was pure greed and stupidity but with President Obama, in my opinion, it is deliberate. Obama has not helped the average worker except with nice phrases and fancy words. ----lee

From counterpunch.org
Sun, 17 Jul 2005 09:27:21 -0400
What Kind of Country Destroys the Job Market for Its Own Citizens?
By PAUL CRAIG ROBERTS


The June payroll jobs report did not receive much attention due to the July
4 holiday, but the depressing 21st century job performance of the US economy
continues unabated.

o Only 144,000 private sector jobs were created, each one of which was in
domestic services.

o 56,000 jobs were created in professional and business services, about half
of which are in administrative and waste services.

o 38,000 jobs were created in education and health services, almost all of
which are in health care and social assistance.

o 19,000 jobs were created in leisure and hospitality, almost all of which
are waitresses and bartenders.

o Membership associations and organizations created 10,000 jobs and repair
and maintenance created 4,000 jobs.

o Financial activities created 16,000 jobs.

This most certainly is not the labor market profile of a first world
country, much less a superpower.

Where are the jobs for this year's crop of engineering and science
graduates?

US manufacturing lost another 24,000 jobs in June.

A country that doesn't manufacture doesn't need many engineers. And the few
engineering jobs available go to foreigners.

Readers have sent me employment listings from US software development firms.
The listings are discriminatory against American citizens. One ad from a
company in New Jersey that is a developer for many companies, including
Oracle, specifies that the applicant must have a TN visa.

to continue reading go to:

http://www.counterpunch.org/roberts07162005.html

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