Commentary: The rich are not here to give us jobs
Let's cut the baloney about jobs and rich people's taxes. If corporate profits automatically turned into jobs for the little folk, the unemployment rate would be plummeting.
It happens that company earnings now exceed their lofty peaks of the housing boom. And big-business balance sheets are sloshing in cash. Corporate America's decision to stick with its current workforce is not for a lack of dough.
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