Profits high - hiring low

Discussion in 'The Back Room' started by Motorcity Gator, Nov 24, 2010.

  1. Motorcity Gator

    Motorcity Gator Well-Known Member

    Joined:
    May 26, 1999
    Messages:
    17,521
    Likes Received:
    42
    Trophy Points:
    48
    Location:
    Florida
    Silly rabbit....if these mega corporations just had "certainty" about the top executive tax rates they would get off their ass and start hiring out of work Americans.....right?

    :lol: :lol: :lol: :lol:

    http://blogs.ajc.com/jay-bookman-blog/2010/11/23/corporate-profits-hit-record-high-still-no-hiring/?cxntfid=blogs_jay_bookman_blog
     
    Motorcity Gator, Nov 24, 2010
    #1
  2. Tennessee Tom

    Tennessee Tom Well-Known Member Administrator

    Joined:
    Mar 11, 1999
    Messages:
    13,035
    Likes Received:
    81
    Trophy Points:
    48
    Location:
    Hutto Tx
    Do you have any idea what the cost to get someone trained up and ready to be productive is? Until the uncertainty is elevated, you will not see an upswing in hiring. Most companies have started bringing in contractors instead of regular full time employees. That gives them a more liquid work force that can change with upswings and downturns.
     
    Tennessee Tom, Nov 24, 2010
    #2
  3. JO'Co

    JO'Co Well-Known Member

    Joined:
    Mar 11, 1999
    Messages:
    16,690
    Likes Received:
    322
    Trophy Points:
    83
    Location:
    Apple Valley, CA
    :roll:
    Duh...
    The uncertainty is over how much each new employee will cost them, because of Obamacare and a blizzard of new regulations. Furthermore, most of the large corporations that I own stock in, like Dupont, John Deer and Peabody Energy make most of their profits overseas. They can't bring it home to invest, because Uncle Obama will grab 35% of it...
    [​IMG]
     
    JO'Co, Nov 24, 2010
    #3
  4. Motorcity Gator

    Motorcity Gator Well-Known Member

    Joined:
    May 26, 1999
    Messages:
    17,521
    Likes Received:
    42
    Trophy Points:
    48
    Location:
    Florida
    And yet Tom....if the fat cats at the executive level could just gain a little certainty about their own personal tax situations they would develop a devil-may-care attitude about hiring employees they don't really need in lieu of farming out those minimum wage jobs to India at 1/4 of the price.

    Yep.... a little tax certainty is all that's needed.

    To hell with those business principles of need based on demand and of hiring enabling growth and maintaining low employee costs by outsourcing.

    It's all about tax certainty.....or so I'm told..... :lol: :lol: :lol: :roll:
     
    Motorcity Gator, Nov 24, 2010
    #4
  5. JO'Co

    JO'Co Well-Known Member

    Joined:
    Mar 11, 1999
    Messages:
    16,690
    Likes Received:
    322
    Trophy Points:
    83
    Location:
    Apple Valley, CA
    Americans already pay the 2nd highest corporate taxes in the world...
    http://www.taxfoundation.org/blog/show/1471.html

    Please note that corporate taxes are much lower in China, India and Brazil which are all kicking our arses...
    [​IMG]
     
    JO'Co, Nov 24, 2010
    #5
  6. Motorcity Gator

    Motorcity Gator Well-Known Member

    Joined:
    May 26, 1999
    Messages:
    17,521
    Likes Received:
    42
    Trophy Points:
    48
    Location:
    Florida
    And their wage scales and standards of living for the average citizen render us non-competitive in every instance.

    Is that where we are headed.....regression not recession?

    There is a reality in America that no one wants to acknowledge.
     
    Motorcity Gator, Nov 24, 2010
    #6
  7. BuckeyeT

    BuckeyeT Well-Known Member

    Joined:
    Sep 14, 1999
    Messages:
    7,381
    Likes Received:
    214
    Trophy Points:
    63
    Location:
    Wilmington, NC
    Tom, JOC'co, you're just wasting your time.....this is just another platform for an old, tired rant....


    [​IMG]
     
    BuckeyeT, Nov 25, 2010
    #7