Quote:
Originally Posted by Submodo
Profit levels / balance sheets are at all time highs.
Why would a business want to hire more people?
|
They will expand and hire more people if demand increases. But a guy who is $75K underwater on his mortgage and/or unemployed isn't likely to go out and buy a bunch of nonessential stuff.
8% unemployment just might be the new norm. In the next few years this might change if more baby boomers retire than youngsters enter the workforce. Also we need to identify the culprits who are sending all the jobs overseas and hurt them with our wallets and pocketbooks.
I've already boycotted Walgreen's for outsourcing all their medical records work. We have plenty of capable Americans who can do that work.