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View Diary: Crunch. Another rotten jobs report. U6 surges to 17.1% (233 comments)

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  •  I'm sorry, but you're wrong on the taxes (0+ / 0-)

    They are using this to lower taxes, but the fact is that until US workers work for $2/hr, the jobs won't be here.  A PM in the US that is min $50k is only $28k in other countries....

    You do the math... do you think +15% of profits is going to overcome +50% of base labor costs?  Even giving them tax free (on profits) won't overcome 50% savings on labor costs.

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