Worth the read. There are other articles from various sources which have basically gone under the radar saying the same thing...interesting how it is not being highlighted in the media.
Thanks to Obamanomics as it pertains to business, companies have been forced to live with less...Less sales/product volume translates to needing fewer/less employees which requires less overhead (paying them) = more profit.
Of course there are side effects...
Because of Obambi's policies. He simply can't pass a law requiring businesses to hire people.
It’s because business has gotten lean and mean, now a lot of folks a performing multidisciplinary work just to stay employed.
They laid off a lot of people and found out they can make a profit without them? So why hire them back?
Poor economic conditions may not seem a blessing in disguise but can you imagine the confiscatory and regulatory rampage by Obama during a time of plenty?
He’s an organ grinder with only one song to play entitled ‘Eat The Rich.’ It’s worked well for him as he’s Peter Principled his way up the political ladder but class warfare is the last thing anyone needs or wants to hear at this stage. It’s obvious the man doesn’t have a clue what to do or say next, such is the limit of his life experiences.
It’s from January
Article was better than I anticipated. Here’s one answer, “More so than in the past, many American-based corporations earn a great portion of their profits overseas.”
We're staffed where we need to be and will not hire until business actually breaks loose and we see a sufficient level of confidence in the market where our customers start to let go of their money. That just isn't happening yet. Everyone wants to believe that it is, but I'll believe when I actually see sales levels that are truly where they ought to be.
Big corporations have no interest in helping the USA economy. They were once USA corporations with defacto USA citizenship and now have become international with no specific interest or loyalty in the USA.
The sooner we Americans understand that there is no longer a “corporate America” the clearer we can see why they sell us out.
Check the job growth in India and China for answers, Perfessor!
They’ll come up with every explanation but the real one: American workers are expensive and regulatory, tax and litigation uncertainty makes it worse.
In the past, obsolesence of consumer goods would lead to a spurt in consumer buying providing an uplift to the manufacturing sector and increased employment and an end to a recessionary cycle.We now live in a different world. That does not work anymore because the manufacturing sector is no longer the bulwark of our economy. That sector has disappeared overseas.
On purpose?
There is not one darn thing puzzling about this.
A: This almost always happens at the start of an inflationary cycle.
B: When you don't know how the gubment is going to screw you next you hold onto your money and DO NOT incur more costs.
Who is John Galt?
Because the “job” is dead - but US laws, enacted at the behest of unions, punish the hiring of independent contractors and consultants.
Tomorrow is June 1. Conditions have not improved in the six months since this article was published. In fact, the data released today shows that housing has not recovered at all in the past two years. Unemployment is still around 16%, not the government’s bogus 9%, which does not count the millions who no longer receive unemployment compensation but who have not found a job.
Anyone who votes for this total failure to be re-elected as president is dangerously ignorant.
Because there’s little licensed, authorized, degreed, approved domestic competition.
Hopefully it remains dire until the kenyan is tossed out in 2012 and then with a Conservative as President business booms.
We can not survive a lame duck leftist democrat marxist to maximize the damage he is doing now.