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| Economy |
| Where are the jobs? For many companies, its overseas |
| 2010-12-29 |
| [Arab News] Corporate profits are up. Stock prices are up. So why isn't anyone hiring? Actually, many American companies are -- just maybe not in your town. They're hiring overseas, where sales are surging and the pipeline of orders is fat. More than half of the 15,000 people that Caterpillar Inc. has hired this year were outside the US. UPS is also hiring at a faster clip overseas. For both companies, sales in international markets are growing at least twice as fast as domestically. The trend helps explain why unemployment remains high in the United States, edging up to 9.8 percent last month, even though companies are performing well: All but 4 percent of the top 500 US corporations reported profits this year, and the stock market is close to its highest point since the 2008 financial meltdown. |
| Posted by:Fred |
| #4 Dodging Repatriation Tax Lets Companies Bring Home Cash illustrates another aspect of this issue. Companies may try to expatriate jobs, but the profits they generate have to go somewhere, and all the money in the world really won't do much to change the view outside your limousine driving the streets of Kolkata. (The views tend to be much nicer in the USA.) |
| Posted by: Anguper Hupomosing9418 2010-12-29 18:41 |
| #3 He exhorted business leaders to find a way to link growth with job creation at home. The only goal most business leaders have is their personal profit. It doesn't matter if their companies or shareholders profit or are just left holding the bag of stinking debts & lousy business practices, as should be obvious to anyone who's been following business news for the last 20 years or so. If business leaders could make more for themselves by firing all their employees & never hiring again, they would do that too. |
| Posted by: Anguper Hupomosing9418 2010-12-29 18:36 |
| #2 Who would have thought that in countries with Progressive taxation i.e. increasing high fines for being productive that people would hire people who are fined a lower amount. |
| Posted by: Bright Pebbles 2010-12-29 11:08 |
| #1 ION GUAMPDN > EUROPEAN ANARCHISTS BECOME MORE VILENT, COORDINATED. |
| Posted by: JosephMendiola 2010-12-29 02:38 |