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Phantom 15 Million-The Future That Never Happened

cybrpnk2 (579066) writes | more than 3 years ago

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cybrpnk2 (579066) writes "The job machine called American Business has not only destroyed millions of existing jobs to create the highest sustained unemployment rate in decades, it has also mysteriously failed to produce 15 million jobs once projected for the first decade of the 21st Century. Now US businesses are sitting on close to $2 trillion in cash with no apparent intent to invest it in American jobs. Why should they — Apple, for example, doubled their profits on iPhone by assembling it with Asian workers and letting it be a $2 billion burden on the US trade deficit."
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