Good news! Companies are hiring again. Bad news - they're hiring overseas. A recent report by the Economic Policy Institute revealed that Americans businesses created more than 1.4 million jobs overseas in 2010 - that's compared to fewer than one million created here in the United States. Had those 1.4 million jobs been created here - the unemployment rate could have dropped by nearly a full percentage point. But as long as profits are up for CEOs and other millionaires and billionaires in the country - no worries right? According to Reaganomics - we just need to wait for that money to trickle down. It's been more than 30 years though - still no trickle. Starting to feel like a peon?
-Thom
(Are starting to feel like a peon? Tell us here.)
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