VIDEO ON MSN MONEY
"...disappearing middle-class jobs".
Brought to you by the handful of greedy, egotistical men and women who are hell bent on destroying financial independence and individual freedoms and choices for the sole purpose of creating a one world government, which is for no other reason than they get to decide what you buy, what you read, what you see, what you hear, where you go and how you get there, so that they can possess and control ALL the money in the world and do what they want, when they want, how they want. Go ahead and say that's preposterous. They're counting on your disbelief.
Most are being lost to a robot or some other mechanical wizard. We all think automation is so great, well every time a robot goes on line a number of humans go off and the number grows more and more each day.
"Take care of yourself", "eat this", "no, don't eat that", live longer but just don't expect to find a job.
Basically this poster is just making a bunch of excuses for Corporations. The more folks that make excuses for their bad behavior, the more likely they will continue it. At least one news source just reported that Corporations have Double their CASH Hoard, $7Trillion, from what they had just 10 years ago yet Capital expenditure relative to sales is at a 22-year low. Somehow in spite of stagnant or lower wages for everyone else, the wage Gap has moved from 40 to 1 to well over 400 to 1. So the Real Workers have less money to spend into the Economy so Companies have turned to fuzzy Math to make the number work for Stock Buybacks and massive Payouts to CEO types. We get less while they get far more. The result, Record Global Poverty and Pollution.
The jobs that are vanishing are the result of technology shifts that have eliminated the need for the services listed. Computers are thecause and not Washington or Wall Street.
Who needs file clerks and data entry clerks with todays automated and paperless systems, for example?
Wall Street is responsible for exporting jobs to the lowest cost supplier in the world in order to maximize profits. Multinational corporations no longer have a sense of responsibility for supporting a local economy. Their community in international, not local. They can not compete in international markets unless they do so. The exporting of jobs will continue until multinational corporations are taxed higher on profits earned through sales in the US. This of course would lead to these companies leaving the US. The only answer then would be tarrifs, or taxes on sales of imported goods originating in foreign contries. This would result in a trade war which would hurt those companies remaining in the US. You just can not win on this.
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[BRIEFING.COM] The stock market capped the trading week with losses across the major averages. The S&P 500 fell 0.5% to surrender its weekly gain, while the Dow Jones Industrial Average (-0.7%) and Russell 2000 (-0.9%) underperformed. The two indices posted respective losses of 0.8% and 0.6% for the week.
Equity indices were pressured from the get-go after several heavyweights disappointed the market with their earnings and/or guidance, which led to some broader profit-taking. After ... More
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