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Tag Archive for ‘Unemployment’

Higher wages, more jobs not from Trump pro-business economy; instead credit goes to DOL for overtime exempt rule change

Business-beholden members of Congress are falsely boasting that their 2017 tax law has been responsible for less unemployment and slightly higher hourly wages. They praise themselves and President Donald Trump for cutting corporate rates from 35% to 21%, eliminating most taxes on dividends and capital gains, doubling the exemption for inheritance tax, and dropping the tax for corporate foreign profits – laundered for years overseas – from 35% to 15%. […]

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Microsoft has massive layoffs; H-1B hires continue, and foreign workers now far outnumber Americans

Thursday was another bad day for American jobs as Microsoft – the once All American innovator – began to end the livelihoods of 3,000 families, a process called “downsizing” by the elites. A spokesperson for founder Bill Gates called this job slaughter simply “changes” to “better serve our customers and partners.” Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions […]

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Rich look poorer, poor much richer – report distorted to make average Joe happy – despite Depression

It’s so very wonderful to learn this week that “median household income” in 2014 was $53,657, even if it was down from $57,843 in 1999. You can still buy a nice basket of goodies on $50 grand a year. If only it were true. Most jobs pay about $31k. Many families have just one parent or one spouse working. Something doesn’t add up. Welcome to the world of making statistics […]

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Fed Chairman Blames Banks For Continued High Unemployment

The investment cash is going to China, India, South Korea and Vietnam, where factories are being built by American companies to make products to export to the U.S. and elsewhere. Those countries rebate the local Value Added Tax (around 20%) to exporters because most every country has their own VAT on products coming into their countries – EXCEPT THIS COUNTRY. In addition, most countries have tariffs on incoming goods if […]

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