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Corporate Profits Return, But There's Nearly Zero Hiring

Business  (tags: Corporate profits, unemployment, outsourcing, recession )

- 3154 days ago -
Many large corporations are doing very well, but they are not hiring workers.


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Sue H (7)
Wednesday July 28, 2010, 8:02 am
Sad statement. Americans need jobs!

Lynn Marie M (22)
Wednesday July 28, 2010, 8:34 am
I am seeing this first hand. Workers are doing the jobs of three people in fear of losing their own. the companies are in profit but not hiring because they are saving so much money by working fewer employees to the bone.

It is just plain wrong.

linda b (31)
Wednesday July 28, 2010, 11:05 am
Often a company will lay off or reduce the hours of workers who have been there awhile. Then they turnaround and hire new employees at minimum wage. All in the name of profit, It's so disgusting,

Friday July 30, 2010, 12:43 pm
Thanks Greg. Have you ever heard the President ask the corporations to step up to the plate and fulfill their patriotic duty and use their hundred of billions of dollars in assets to invest in jobs for America. Who you hear is the Vice President saying the banks have paid back the money. If they have paid back the money, then they should be in a position to start hiring Americans. Something is not adding up.

It seems all the corporations and politicians care about is hoarding money that we as American people have a right to have acess to in order to pay rent, buy food, and live. The politicians and corporation create this game of American capitalism, of needing money for partically everything, but don't allow the American people the tools, which is money, to play this game. The American people should be seething.

Norm C (74)
Friday July 30, 2010, 1:46 pm
And there won't be any hiring anytime soon unless the companies believe that there is sufficient demand out in the real world to justify the expenditure of the money to hire people. In other words this is a vicious circle. No demand=no hiring; no hiring=no demand; no demand.....

The only way for the prospects to brighten sufficiently that businesses will hire workers to meet expected increases in demand is for the govt. to act. If the private sector won't or can't hire the army of unemployed, the govt. must. And very soon.

A decent wage is far superior to an unemployment check if the jobs are productive. If we get bridges that won't collapse, roads the don't crumble or wash away, sewers that don't leak, water mains that don't burst, windbreaks that halt soil erosion, smaller class sizes that promote actual learning, adequate resouces for classrooms to ehance learning, etc, the economy and the govt. are far better off.

If at the same time, we are able to halt the economic catastrophe that is our "drain Americans dry" private health "insurance" system, we will also significantly pay for that hiring, firm up Medicare and eliminate the need for Medicaid.

The way forward is hard to see. Getting around the stupidity and treason of the Greedy Oily Perverts and the cowardice of the administration is quite a different problem.

Ron A (20)
Friday July 30, 2010, 5:44 pm
recovery for the wealthy and the rest of us be damned. capitalism at it's truest.

Andrea M (23)
Saturday July 31, 2010, 1:12 am
Just sad that the corporations care more about the dollar than people. I really don't get why we are continuing to outsource jobs to other countries when there are people in this country who are out of work and have been for a long time. We should not have so many people on welfare and food stamps. This is America! I always hear about how we are "so powerful" over the world. I don't like living in a country who thinks they are better than everyone else. However, we should be setting an example to the world. I seriously doubt that a country like India would lay off workers in their country so that the jobs can be given to Americans. All of it is just wrong.

Bud S (4)
Sunday August 1, 2010, 3:29 pm
We need to expose the American corporations that are sending all of the jobs offshore! Is there any way to see which companies are sending the jobs to other countries, and the number of jobs that they have offshored?

The United States should change its tax laws in order to remove any tax advantages that companies would receive by sending jobs offshore. Corporations won't admit to any shame, but they want to increase their profits.

Stefan Dwornik (3)
Monday August 2, 2010, 6:07 pm
Wall street, corporate America, and the corporate banking system are responsible for the current financial disaster we Americans now find ourselves in. As long as the American people continue to accept whatever their government tells them, without major (change causing) protests then.... The American people can expect all crime rates, drug addiction, and the continueing marginalizing of the poor and disabled to continue to climb. Now is the time for us to seek the TRUTH within ourselves- for only will the truth stop our seemingly endless fall into chaos, hate, and greed.
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