U.S. multinational corporations, the big brand-name companies that employ a fifth of all American workers, have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the U.S. economy.So is this news some sort of disturbing harbinger of future American economic doom? Or is it a perfectly natural phenomenon that's being exacerbated by some stupid American tax, trade, and regulatory policies? I think that those of you who read this blog often already know what I'm going to say tomorrow, but you should still tune in to find out!
The companies cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show. That's a big switch from the 1990s, when they added jobs everywhere: 4.4 million in the U.S. and 2.7 million abroad.
You can go here to find out where Ingraham's show is broadcasting in your neck of the woods. I'll try to post a recording of the segment if I can get my hands on one.