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Corporate profits soar, so why are hiring and wages stagnant?

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 :: Unemployment Discussion :: The World Economy

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Corporate profits soar, so why are hiring and wages stagnant? Empty Corporate profits soar, so why are hiring and wages stagnant?

Post by Jobless_in_Ma Mon Jul 25, 2011 1:19 pm

WASHINGTON -- Strong second-quarter earnings from McDonald's, General Electric and Caterpillar on Friday are just the latest proof that booming profits have allowed Corporate America to leave the Great Recession far behind.

But millions of ordinary Americans are stranded in a labor market that looks like it's still in recession. Unemployment is stuck at 9.2 percent, two years into what economists call a recovery. Job growth has been slow and wages stagnant.


http://www.siliconvalley.com/latest-headlines/ci_18533305?source=email

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Corporate profits soar, so why are hiring and wages stagnant? Empty Re: Corporate profits soar, so why are hiring and wages stagnant?

Post by TruthBTold Mon Jul 25, 2011 1:33 pm

Corporate profits soar BECAUSE hiring and wages remain stagnant....

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