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Corporate Profits At All-Time High As Recovery Stumbles

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Post by Guest Fri Mar 25, 2011 7:32 pm

Corporate profits steadily increased last year as companies continued holding onto record amounts of cash and other liquid assets while cutting costs, laying off workers and wringing more productivity -- defined as the amount of output that comes from an hour of work -- from remaining staff, even as the recession eased.

To put that in perspective, said Lynn Reaser, the chief economist at Point Loma Nazarene University in San Diego, it's important to note that companies were able to bring production back up to pre-recession levels without hiring any more workers.
Evil or Very Mad

http://www.huffingtonpost.com/2011/03/25/corporate-profits-2011-all-time-high_n_840538.html

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Post by Jobless_in_Ma Fri Mar 25, 2011 8:01 pm

This is a true indicator of the corporate greed that is going on. Millions out of work and they're showing record profits. Reminds me of when gas was at 5 dollars a gallon and oil companies were showing record profits.

These practices are eroding away at the American dream and continuing to hinder any real recovery. This needs to stop.

Now some may say, oh well its capitalism, well to that I say NO its not, its corruption and greed and ruining this country. Corporate Profits At All-Time High As Recovery Stumbles  317789
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Post by Guest Fri Mar 25, 2011 8:11 pm

It' pure greed. Plain and simple. Gas and food at all time highs and profit, profit, profit. Salaries and Bonuses, but oh, don't pay teachers, state workers or any union member for that matter. Why isn't everyone as mad as we are right now. This isn't something that only hurts the unemployed and the 99ers, it hurts everyone.

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Post by vintage Fri Mar 25, 2011 11:57 pm

I agree. It is pure greed. Yes, it does hurt everyone. MAD
Just think about all those workers that have to probably do the work of several people and at the same pay. I feel for them but at least they still have a job.
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Post by 503Depressed Sat Mar 26, 2011 1:04 am

Greed for sure. Gas is running $3.75 here for reg and $4.00 for premium.
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