t r u t h o u t | "Free Trade Doesn't Work: What Should Replace It and Why" - 0 views
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thinkahol * on 03 Nov 10"The US economy has ceased generating any net new jobs in internationally traded sectors in either manufacturing or services," he notes. "The comforting myth persists that America is shifting from low-tech to high-tech employment, but we are not. We are losing jobs in both in shifting to non-tradable services-which are mostly low value-added, and thus ill-paid jobs. According to the Commerce Department, all our net new jobs are in categories such as security guards, waitresses, and the like. The vaunted 'new economy' has not contributed a single net new job to America in this century. Not one."