The Corporate OBSESSION with PROFITS is driving down wages

[LSK]

Wall Street has created a Corporate environment that values HIGHER PROFITS over all other things. And eliminating jobs is a key ingredient of higher profits. Stock prices bounce up and down because of GROWTH of Profits.

So what do Corporations do? They export jobs overseas. They outsource. They invest in technology. They all seek ways to eliminate peoples jobs in the USA. All because they seek HIGHER PROFITS so the stockholders have more money.

Is this what the role of an economy should be??? Should PROFITS be the purpose of an economy???

Why shouldnt we value an economy that provides a decent job for its citizens??? Sorry, but America wants nothing to do with that in its economy.

I started reading The European Dream by Jeremy Rifkin. In it he discusses how the USA measures economic growth only in GDP. The GDP does not measure the quality of life and the Europeans are trying to develop a better measure of the economy.

Call this as an attack on capitalism. Call this a cry for socialism. But its the way I see the American business climate.

Profits over people.