This from "Business Insider" -- our corporations are working folks to a point where NO "work/family balance" is possible. Please follow link to original.
By the way -- workers NEED UNIONS!
----------------------------------------------
U.S. corporate profits and efficiency are getting absurd.
On Friday we saw record quarterly profits of $1,450 billion, making up a record share of GDP at 10.1%. We're also at record corporate efficiency of $15,278.72 -- up 22.3% from last year -- according to Sageworks Inc.
That last one says it all. Rampant job cuts and salary cuts, with new responsibilities for old workers, during the recession turned corporations into profit-making machines. Stimulative policies from the government and the Federal Reserve helped plenty. New technology also helps with efficiency.
Unfortunately there are no signs that corporations are turning revenue into jobs.
Schedule for Week of April 28, 2024
-
The key report scheduled for this week is the April employment report.
Other key reports include February Case-Shiller house prices, April vehicle
sales, a...
4 hours ago
No comments:
Post a Comment