Stephanie
Diamond Member
- Jul 11, 2004
- 70,230
- 10,864
- 2,040
well?
SNIP:
by Peter Morici 15 Jan 2014 50 post a comment
America still produces one fifth of the world’s goods and services, but accounts for a much smaller share of global growth. Many U.S. products are no longer the best in class. Consequently, the economy can’t adequately employ many of its college graduates, and wages are stagnant or falling for ordinary folks.
America still has great strengths. High labor productivity, coupled with rising wages in Asia, makes American workers a good value for global investors. There is cheaper energy, thanks to the onshore oil boom, that should attract new factories, but the promised flood of new jobs has only been a trickle.
To put it simply, the bureaucratic quagmire created by complex and ineffective business regulations makes it easier to produce in Asia than in America. The highest corporate tax rates among major industrialized countries make the cost of investing here too high.
It is increasingly difficult to refine and efficiently move oil to California and the Northeast--gasoline costs too much in Monterrey as does heating oil in Massachusetts.
ALL of it here
http://www.breitbart.com/Big-Government/2014/01/15/Fixing-Inequality
SNIP:
by Peter Morici 15 Jan 2014 50 post a comment
Inequality is replacing the American dream, because the U.S. economy--thanks to Washington’s mismanagement--is underperforming.
America still produces one fifth of the world’s goods and services, but accounts for a much smaller share of global growth. Many U.S. products are no longer the best in class. Consequently, the economy can’t adequately employ many of its college graduates, and wages are stagnant or falling for ordinary folks.
America still has great strengths. High labor productivity, coupled with rising wages in Asia, makes American workers a good value for global investors. There is cheaper energy, thanks to the onshore oil boom, that should attract new factories, but the promised flood of new jobs has only been a trickle.
To put it simply, the bureaucratic quagmire created by complex and ineffective business regulations makes it easier to produce in Asia than in America. The highest corporate tax rates among major industrialized countries make the cost of investing here too high.
It is increasingly difficult to refine and efficiently move oil to California and the Northeast--gasoline costs too much in Monterrey as does heating oil in Massachusetts.
ALL of it here
http://www.breitbart.com/Big-Government/2014/01/15/Fixing-Inequality