The great decoupling of corporate profits from jobs

Jobs? We don't have to give you no stinking jobs!

Corporate profits are up big, but hiring isn’t, says Robert Reich. Instead, jobs are being outsourced overseas or replaced by technology.

Bottom line: Higher corporate profits no longer lead to higher employment. We’re witnessing a great decoupling of company profits from jobs.

Along with a simultaneous transfer of money from the middle class to the elites.

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