Tuesday, April 19, 2011

Help Not Wanted by US corporations -- in the US

This'll make your blood boil: US multinationals cut their work forces by 2.9 million in the U.S. in the past 10 years. Hired 2.4 million overseas.

The Wall Street Journal reports:
That's a big switch from the 1990s, when they added jobs everywhere: 4.4 million in the U.S. and 2.7 million abroad.
In all, U.S. multinationals employed 21.1 million people at home in 2009 and 10.3 million elsewhere, including increasing numbers of higher-skilled foreign workers.
Then there's this: The Commerce Department reported that in 2009, the companies cut 1.2 million jobs in the U.S., but only 100,000 overseas.

Apparently all those tax cuts we gave to corporations so they could create jobs didn't work as intended. Between 2005 and 2010, GE cut 1,000 jobs overseas and 28,000 in the US. Last year, GE paid zero  federal income taxes.

And we love this: GE  belong to a group called the "Alliance to Keep US Jobs," which claims to represent American workers in all 50 states.