Land of Productivity
While the stock market swoons (apparently because American consumers have curtailed spending with money they don’t have or can’t get), US corporations continue to show record profits. It turns out that a jobless recovery is really good for business. So why would there be any incentive to reverse the trend? This announcement foreshadows an even gloomier prospect. What entity is far and away the largest employer in the country? The Federal Government. Where will all these savings come from that the Congress is planning to put into place over the next decade? Less government workers. We have multiple waves of this to look forward to. You don’t have to be an economist to figure out that if fewer workers are willing to do more work for less money, you’re going to milk that cow as long as you can. And if the government would just get out of the way, this would all be so much easier.
Corporations don’t have consciences, and guess what, neither do their executives.
Is it fair? It’s a simple question any child would ask.