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- Jul 16, 2009
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It's all part of becoming a third world country
If only China would want "diversity" and make their population 30% or 40% black and Hispanic too.
"Half of Americans say they couldn't come up with $2,000 in 30 days without selling some of their possessions.
"Half of Americans say they couldn't come up with $2,000 in 30 days without selling some of their possessions.
"Meanwhile, companies are flush: American firms generated $1.68 trillion in profit in the last quarter of 2010 alone. But many firms would think twice before putting their next factory or R&D center in the U.S. when they could put it in Brazil, China or India.
"These emerging-market nations are churning out 70 million new middle-class workers and consumers every year. That's one reason unemployment is high and wages are constrained here at home.
"This was true well before the recession and even before Obama arrived in office. From 2000 to 2007, the U.S. saw its weakest period of job creation since the Great Depression..."
What U.S. Economic Recovery? Five Destructive Myths -- Printout -- TIME
"Half of Americans say they couldn't come up with $2,000 in 30 days without selling some of their possessions.
"Meanwhile, companies are flush: American firms generated $1.68 trillion in profit in the last quarter of 2010 alone. But many firms would think twice before putting their next factory or R&D center in the U.S. when they could put it in Brazil, China or India.
"These emerging-market nations are churning out 70 million new middle-class workers and consumers every year. That's one reason unemployment is high and wages are constrained here at home.
"This was true well before the recession and even before Obama arrived in office. From 2000 to 2007, the U.S. saw its weakest period of job creation since the Great Depression..."
What U.S. Economic Recovery? Five Destructive Myths -- Printout -- TIME
Should I feel bad because this has been the best 6 years for me? Jobs are plentiful and the pay is great. Everyone I know that works in my career field has been having a great 5-6 years.
Nor can you expect to compete with Chinese wages.
That is a far bigger impact at this point than immigrants.
Nor can you expect to compete with Chinese wages.
That is a far bigger impact at this point than immigrants.
We could compete if those in DC would make owning and running a business in America appealing. Our jobs go overseas because of extremely high Corporate taxation. American businesses pay the highest Corporate taxes in the world, it's no wonder we cannot compete with China.
Lower the capital gains tax and businesses will stay here and hire more employees, raise it and they will either leave the country or lay off workers, and who can blame them, people start businesses to make money, not to be fucked over by Politicians.
Nor can you expect to compete with Chinese wages.
That is a far bigger impact at this point than immigrants.
We could compete if those in DC would make owning and running a business in America appealing. Our jobs go overseas because of extremely high Corporate taxation. American businesses pay the highest Corporate taxes in the world, it's no wonder we cannot compete with China.
Lower the capital gains tax and businesses will stay here and hire more employees, raise it and they will either leave the country or lay off workers, and who can blame them, people start businesses to make money, not to be fucked over by Politicians.
Just hold on, which do american coprorations pay more for labor or taxes?
America is fixing the problem, just get used to living with less.