Robert Oak, at the Economic Populist, writes regarding statistics just made available by the Bureau of Economic Analysis that
U.S. multinationals were hiring like mad in 2011 … abroad:
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U.S. multinational corporations were actually hiring in 2011 as they were in 2010. Unfortunately as in 2010, they are hiring abroad. In an updated BEA summary on sales, investment and employment by Multinational Corporations for 2011, we have a 0.1% increase in hiring for jobs in the United States while MNCs increased their hiring abroad by 4.4%. Graphed below are multinational corporation employees residing in the United States, scale on the left, against multinational corporation employees located abroad, scale on the right. As we can see multinational corporations are clearly reduced their staff in the U.S. while increasing it in foreign nations. In other words, multinational corporations are not just offshore outsourcing to external, 3rd parties, but also offshore outsourcing American jobs directly. […]
U.S. multinationals accounted for 20.9% of U.S. private sector payrolls in 2011, 21.8% in 1989. Yet from 1989 to 2011, U.S. MNCs decreased their employment in the United States by 3.3 million workers while expanding employment abroad by 6,5 million employees. The share of employment by MNCs in the United States went from 79% of their total employees in 1989 to 66.3% by 2011. Multinational corporations are clearly doing their hiring abroad.
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Blast from the Past. At Daily Kos on this date in 2007—Global Warming: Seven Generations, not Seven Years ...:
| We live in a "time of consequences." We, as individuals and collectively, are setting the path which will determine the living conditions for millenia to come. This time of consequences is both long term and quite immediate.
This is true for the individual. Do you invest in an energy efficient future life? Will you unplug the computer before going to sleep?
And, it is true for society. What is the transportation infrastructure we want 30 years from now? And, what is the legislation that will emerge in coming weeks and months related to energy, farming, and Global Warming?
We live in a Time of Consequences. And, we can chose to live through this time, buffeted by the consequences, or we can seek to act to drive change in a positive direction.
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Tweet of the Day:
The GOP House really should mix it up a bit and next time vote to defund Obamacare and repeal ACORN. #wastingourmoney
— @steveweinstein
On today's
Kagro in the Morning show,
Greg Dworkin on the "Snowden Effect," and Republicans in Disarray! NSA déjà vu? FISC OK with publishing a 2011 opinion on NSA program constitutionality. After Snowden, could other governments end up gaining even more access to communications data? Foreign fighters in Syria apparently include a growing number of Westerners. And wait til you hear the neo-con broken records on this! Finally, strange weekend gun stories, including a "surprise" ending at Sheriff Joe Arpaio's volunteer school guard "posse" training.
High Impact Posts. Top Comments.
