Intel still pays taxes and takes in a profit from licensing and marketing of their own product. The stockholders, primarily American, do well, too. And we're looking at 5 % unemployment rate here. .. How's Europe doing, by the way?
once benefits run out, we stop counting unemployed. we also don't count the dozens of people I know in tech for example, who have lost permanent jobs with wages and benefits, and are now lucky to work on contract 6 months out of the year.
to be sure, we are doing better then europe because we have a large service economy. the numbers shown in the article indicating where job growth is occurring is fairly consistent, including the growth of government. but those jobs are lower wage, and the government jobs non-productive.
how does someone become a "stockholder" and benefit from this? I need money to buy stock, where do I get it? most people have only one thing to trade for money - work. unless our party is going to cater to people who come into large inheritances, family fortunes, or lottery winnings - we better come up with a new economic message.
Got you beat, the Soviets had about a 1% unemployment rate.....and where are they now? Lets talk the industry/pay of those jobs not just the job numbers.
The unemployment rate n America does not count those whose benefits ran out and no longer draw money out (the Europeans count everyone because their benefits never run out). The real figure is probably much higher - thank god we have the underground industry to absorb many of these displaced workers - drugs and sex industry.
" And we're looking at 5 % unemployment rate here. .. How's Europe doing, by the way?"
The Feds stop counting you as unemployed when your unemployment insurance runs out. A really neat little accounting trick to make things look rosier than they are.