Tag Archives: Corporate elite

The destructive effect of moving American jobs to China

American jobs and China: Herland Report Getty Illustration.

  “For a quarter century I have pointed out the destructive effect of moving American investment and jobs to China and other points abroad. Offshoring served the interests of corporate executives and shareholders. The lower labor costs raised profits and, thereby, executive bonuses and the prices of the stocks, resulting in capital gains for shareholders”, writes one of America’s leading …

Read More »
×