posted on July 9, 2003 02:38:50 PM newIt's called capitalism, and the capitalists only think about profits. Anyway they can get it.
Actually, I don't think it is capitalism. Capitalism goes for the profit yes, but for a long term sustainable and growing profit. By relocating to where the wages are the cheapest, corporations shoot for the quick and easy profit, known as the cut and run. Yes, their products will be cheap to make in the short run and the profit margin will be good, in the short run. But eventually their customers are going to run out of money. Then the corp. takes their profits and runs.... That is not "capitalism".
posted on July 10, 2003 08:02:51 AM new
Further clouding the economic outlook was a report showing new claims for jobless aid rose unexpectedly last week, while the number of U.S. unemployed workers receiving benefits climbed to its highest point in more than 20 years last month.
Could that high figure be true? I seem to recall that 1983 had pretty high unemployment rate. But I also read recently that the govt changed the way they figure unemployment percentage, i.e., they no longer include those whose unemployment benefits have run out or those that have taken part time jobs.
