The failure of shareholder capitalism

This story completely refutes the assertion that increases in productivity will lead to more jobs in the US. It also details the continued evisceration of our manufacturing base in this country as more and more jobs are shipped overseas in pursuit of cheaper labor and unregulated markets.
http://www.salon.com/news/economics/index.html?story=/politics/war_room/2011/03/29/failure_of_shareholder_capitalism