Political Quotes

“as many as half a million Americans in the services sector have lost their jobs in the past three years; off- shoring threatens to wipe out 3.3 million more jobs in the coming decade. An off-shoring tsunami is bearing down on workers in the information technology and services sector. The most vulnerable jobs are those considered the cream of the new economy: highly paid database managers, software coders, financial analysts and accountants. In places like my own State of Oregon, the prolonged jobless recovery is causing many people real pain. Highly educated and experienced workers are being forced to walk an economic tightrope. Displaced software workers with advanced degrees are forced to search for entry- level positions, but employers won't hire them because they're overqualified. In Oregon and elsewhere, the number of discouraged workers leaving the workforce altogether is unprecedented. If these folks were counted the national unemployment rate would be 7.4 percent rather than the current 5.6 percent. Something in the country's tax and trade policy is seriously awry when productivity is generating wealth for a few, but not employment for the many who want to work. Something just isn't right when people can't find jobs but productivity is growing faster now than in the late 1990's, corporate profits as a share of national income are at an all- time high and all of the extra $220 billion in GDP has gone into corporate profits.”