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So, I just recently read this article on CNNmoney.com and thought that it merited a bit of discussion.
Why Employers Won't Hire
For those of you that don't feel like reading, the tl;dr of it is that businesses have figured out how to maximize profits with minimal labor and labor costs so they no longer see the purpose of hiring new employees. Not even during the holidays, the biggest consumer season of the year.
Here's a lovely little quote from the article:
The above line really irks me and just makes this whole situation all the more frustrating. Don't these businesses realize that the economy isn't going to improve unless more people have jobs and are making money to actually spend on said business' products? Economies aren't one sided, the fewer people that are employed the fewer people that are spending, the fewer people spending, the lower profit companies make.
Economies are like organisms of or even more accurately, ecosystems. If you remove one organism from the ecosystem, or one factor out of the equation the whole thing slowly starts to die.
Why Employers Won't Hire
For those of you that don't feel like reading, the tl;dr of it is that businesses have figured out how to maximize profits with minimal labor and labor costs so they no longer see the purpose of hiring new employees. Not even during the holidays, the biggest consumer season of the year.
Here's a lovely little quote from the article:
Quote:
"There's no question that employers are being cautious about hiring, especially full-time workers," said Sung Won Sohn, economics professor at Cal State University Channel Islands. "They're not certain the recovery is for real so they're taking their time. And because of productivity gain they don't need to hire as many people."
The above line really irks me and just makes this whole situation all the more frustrating. Don't these businesses realize that the economy isn't going to improve unless more people have jobs and are making money to actually spend on said business' products? Economies aren't one sided, the fewer people that are employed the fewer people that are spending, the fewer people spending, the lower profit companies make.
Economies are like organisms of or even more accurately, ecosystems. If you remove one organism from the ecosystem, or one factor out of the equation the whole thing slowly starts to die.
