Recovery in U.S. Is Lifting Profits, but Not Adding Jobs
“So far in this recovery, corporations have captured an unusually high share of the income gains,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch. “The U.S. corporate sector is in a lot better health than the overall economy. And until we get a full recovery in the labor market, this will persist.”
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http://www.nytimes.com/2013/03/04/busin … .html?_r=0
Ok when does it all crash? Seems to me you are killing of the customer base or am I just totally Naive on this subject?
Running a business isn't just about how much money you have in the bank. There is no forward-looking stability, how are businesses supposed to plan for the next 10-20 years when they are facing the certainty and/or possibility of tax increases, regulatory increases, dealing with Obamacare, the constant devaluing of the currency by the Fed, rates being held low for who knows how long...
Businesses need stability, they need to know that the government is on their side for the long haul. They currently have none of that.
Yeah, because those wealthy business owners sure are suffering.
Everyone should look at this Video, it will clear up a lot of misconceptions or downright fibs.
What you said has nothing to do with what I said.
Business and business owner are not the same thing.
people love to quote from the constitution so I will too.
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
I do not see anywhere here or in the whole document that says that government should be on the side of business in fact before government took some control, they actually could work you to death without so much as a "thank you for you service".
What in the world? Did I say anything about the Constitution? No.
Government should be on the side of business because without businesses there are no jobs. As I have demonstrated before, demand ultimately comes from the producers, the entrepreneurs, the creators. Consumers are simply the vehicle for that demand.
Spiderface, that's what happens when you demonize businesses.
I think it was the unions that did away with working people to death but nobody wants to talk union anymore.
Totally, it was the unions which gave us our rights, that protect us and ended employer tyranny and who continue to fight for working people's rights who are responsible for the bad things happening to working Americans excellent logic
I do support the idea of Unions but I think some like other organizations wind up corrupted by the power. I also think they inflated wages way beyond what should be paid for the level of skills in some instances which then made businesses back off and look for states with right to work laws.
However I think we are seeing what happens when companies take control and no one really speaks for the worker. We backtrack to less or no benefits, lower wages, more work per employee which results in less quality and a much less of the work ethic we were famous for. The only positive thing is profits are increasing for the Corporations and that sounds pretty much like we are headed to where started a century ago.
I agree Silvie, like so many other things in live Unions became corrupt and lost sight of their true goals. An honest union is a man's best friend, a corrupt union is pretty worthless to the common worker as he turns into a pawn not the objective.
We can only hope it stops before we wind up with sweatshops again!
This has all come to a race to the bottom. How low can employers pay and increase production? The corporations found a gold mine overseas to bolster quick and gigantic profits with the slave labor provided to them by unskilled labor. Add to that low or no restrictions towards workers safety and health and they got a win-win situation.
It is no wonder that with stagnant wages and the Americans dire need to work with little or no benefits the corporations are eyeing the return of some of those jobs while continuing to demonize unions and regulations.
If the corporations can continue this trend the American worker can look forward to shorter work weeks to get around the regulations and Obamacare and be satisfied with a little rice and rat meat in their dish for dinner and the bicycle ride to the train station the next day. It's what you can expect when you equalize the standards of living in a global system.
While I think, and hope, you are being sarcastic rhamson, I also think you are right. It is time America closes its doors (commerce-wise) and goes back to making its own products with no imports and exports...ten years of that will either cure us or kill us.
My sarcasm is perhaps too close to reality as far as I can see. Congress is trying to reduce promised benefits where they mismanaged the funds and labor is being paid less and less for more work. The stock market is totally speculative based on inflated values of cash they trade at record amounts. There is no substance to the modern business model of buying slave produced items and selling them at inflated values to people it is beginning to subjugate.
I wish I were not so negative about the outcome of this Globalization but it is beginning to show its results more and more each day.
Businesses may need stability but if the consumer doesn't soon get stability there won't be anyone left to buy what businesses are selling!
Stock market also just had its best day ever.
Which is nice for trust fund babies, but for ordinary people?
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