Carnage at Yahoo: The Lopsided Economy

jobs mob

Carl Bloice: With industry executives raking in fantastic and unwarranted riches while the lives of workers from Sunnyvale to Pittsburgh are rendered ever more precarious, whatever is happening certainly is lopsided.

The Great Disconnect Between Stocks and Jobs

Unemployment

In the Great Recession of 2008-2009, companies are going a step further. They’re using this sharp downturn to cut payrolls even below where they were when times were good. Outsourcing abroad, setting up shop in China and elsewhere, contracting out, replacing people with software and automated machines – they’re doing whatever it takes to get payrolls down so earnings bounce up.

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