Nonfarm payroll jobs data show that the US economy in the 21st century no longer creates net new jobs in tradable goods and services. In the 21st century, job growth in “the world’s only superpower” has a definite third world flavor. US job growth has been limited to domestic services that cannot be moved offshore, such as waitresses and bartenders and health and social services.
These are not jobs that comprise ladders of upward mobility. Income inequality is worsening, and education is no longer the answer.
The problem is that middle class jobs, both in manufacturing and in professional occupations such as engineering, are being offshored as corporations replace their American workforces with foreigners.
The latest bombshell is that even those professional jobs that remain located in America are not safe. There is a vast industry of immigration law firms that enable American corporations to replace their American workers with foreigners brought in on Work Visas.
Except for Lou Dobbs on CNN, the US TV and print media have so far ignored the astounding story. Where are the headlines: “US Jobs: No American Need Apply”?
For Millions of Americans in Service Jobs they have seen their Wages stagnate and Inflation soar. In the last 5 years, since 2002:
Food has gone up 12.2%
Milk has gone up 41%
Diapers up 27%
The Cost of Living is up 12%
Cost of Gas is up 48%
http://supermarketswindle.com/
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