Multinationals Abandon U.S. Labor Market

When it comes to job hunting, big is out. Small is in. Over the past decade, the explosion of global trade and a sharp focus on productivity and cost cutting have accelerated a key trend in U.S. labor markets: Jobs at big companies just aren’t as plentiful as they used to be. That means the burden of job creation is falling increasingly to small businesses, which have accounted for the lion’s share of job growth in this economic recovery.

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