United States, Wall Street, and venture capitalist waging war on jobs and those that have them

by an Unemployed White Male on August 15, 2011

in Business & Economy,Recession

As long as Wall Street and venture capitalists continue to reward corporations for off-shoring and downsizing, we continue to play the fool when we express shock that the U.S. economy is not creating many new jobs.

By Jeffrey Pfeffer, guest contributor to Fortune

FORTUNE — The U.S. seems to be shocked that its economy isn’t creating many jobs, and each monthly report on the unemployment rate and the number of new jobs somehow stimulates more handwringing. I’m not an economist, labor or otherwise, but simple observation suggests one significant contributor to the nation’s job crisis — for a long time, maybe even decades, we have been waging war on jobs and those who hold them.

Read the Fortune article.

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Tagged as: economic growth, Economic recovery, Job creation, Jobless, jobs, Unemployment, US economy, venture capitalists, wall street

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