Friday, December 31, 2010

US created more jobs abroad in 2010

Friday, December 31, 2010





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Letters to the Editor

US created more jobs abroad in 2010

Friday, December 31, 2010

Dear Editor,

A new study by the Economic Policy Institute has found that US-based companies created more jobs overseas this year than they did inside the United States. Overseas, 1.4 million jobs were created, versus less than one million in the United States. At the firm DuPont, the number of US employees has shrunk by nine per cent since 2005, while its work force grew by 54 per cent in Asia-Pacific countries. At Caterpillar, more than half of the 15,000 people hired this year were outside the United States.

Not only is the US robbing the poor countries who can no longer sell their goods to America, but they are robbing their own public who can no longer buy cheap foreign products. The US refuses to help the poor countries by buying their cheap products, insisting on protecting their own rich wages and industries. It's just plain greed and selfishness. If governments were to worry more about feeding their people or feeding the other poor and needy of the world instead of arming themselves or fighting their neighbours, then there wouldn't be nearly so many undernourished people.

Ted Rudow III, MA

California, USA

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