As for American multinational companies (like Ford, which Mr. Obama cited), their employment in the United States actually stayed flat from 2009 to 2011 while they hired in large numbers abroad. From 2009 to 2011, domestic employment at these American companies was 22.9 million, while the number of employees abroad rose to 11.7 million from 10.8 million.
As a result, the share of employment at these American companies that is based at home has been shrinking, to 66.3 percent in 2011 from 79 percent in 1989:
Source: Source: Bureau of Economic Analysis.
Soutce: The New York Times
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Thursday, July 25, 2013
American Companies' Share Of US Workers Declining: Hiring More Workers Abroad
Posted By Milton Recht
From The New York Times, Economix, "The Multinational Equation on Jobs" by Catherine Rampell:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment