Thursday, Aug. 4, 2011 | 2:02 a.m.
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Corporations have downsized their companies, adding to high unemployment rates. Cuts have also been made to many government agencies, increasing unemployment. Untold numbers of American jobs are being outsourced.
Corporate tax rates are the lowest they’ve been in 50 years. Profit margins continually increase although many average Americans need to tighten their belts.
The cost of living steadily rises, but companies are sitting on $2 trillion, claiming uncertainty won’t allow them to hire.
If profit margins keep increasing with fewer people working, and money is being banked because taxes aren’t being applied, what is the incentive to employ more workers?
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