Soaring stock markets and higher corporate profitability have pushed up executive pay and left companies sitting on piles of cash, but they have failed to create jobs for millions out of work, according to the International Labour Organisation...
The World of Work predicts that employment rates in advanced economies will not return to pre-crisis levels until after 2017, more than 10 years after the start of the global financial meltdown. It forecasts that emerging and developing economies will recover sooner, returning to pre-crisis employment levels by 2015.It's like the so-called "advanced economies" picked a course to follow that was the worst course possible...oh, yeah, they did.
Meanwhile, "trickle down" is still the mantra of most every shill on television -- perhaps the pipes are just clogged from the rich crapping on everyone else constantly?
[cross-posted at Firedoglake]