The Public Sector is a Milk Cow For Private Enterprise

1-corporate control of US Whatever the problem demographics pose to entitlement funding, the greatest problem has come from the offshoring of U.S. high-value-added middle class jobs. The millions of US manufacturing, industrial, and professional service jobs such as software engineering that have been moved abroad in order to increase the personal incomes of corporate owners and managers have left a huge gap in the payroll tax base. Few if any laid-off workers have found comparable employment, and millions have found no employment. In recent years new university graduates have also found their employment prospects limited by jobs offshoring. To understand the real problem, all you have to do is to look at the official information on real median family incomes. There has been no growth for decades. The population is growing, but not median incomes, and the lack of jobs has resulted in a declining labor force participation rate. If incomes were growing, a higher payroll tax could be paid out of income gains. The way to attack the entitlements problem is to bring the jobs home. http://www.paulcraigroberts.org/2015/04/29/public-sector-milk-cow-private-enterprise-paul-craig-roberts/

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