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Proponents of benefits extensions point out that corporations are sitting on approximately 1.8 trillion in cash while not hiring.
Reluctant to Spend or Expand, U.S. Companies Are Sitting on a Record $1.6 Trillion. A fairly staggering figure that comes out of the Bureau of Economic Analysis: Despite widespread unemployment, the BEA reports that U.S. corporations, reluctant to expand in an uncertain economy, are sitting on $1.6 trillion in cash reserves, a record amount, according to BEA economist Greg Key. Even looking at the companies in the Standard & Poor's 500 index of blue chips -- and stripping out financials, which are required by regulators to keep large cash reserves in order to cushion against risk -- the cash on hand number is still rather monstrous: $1.1 trillion. To put that in perspective, as a percentage of companies' total market capitalization, that $1.1 trillion is more than double the ratio seen before the crisis.
The Economic Policy Institute's March 2010 report cites an average of five applicants for each job opening.
The Bureau of Labor Statistics has released a report on the long-term experience of the jobless.
By the end of 2009, the jobless rate stood at 10.0 percent and the number of unemployed persons at 15.3 million. Among the unemployed, 4 in 10 (6.1 million) had been jobless for 27 weeks or more, by far the highest proportion of long-term unemployment on record, with data back to 1948.
So much for lazy Americans looking for a handout...
Proponents of benefits extensions point out that corporations are sitting on approximately 1.8 trillion in cash while not hiring.
Reluctant to Spend or Expand, U.S. Companies Are Sitting on a Record $1.6 Trillion. A fairly staggering figure that comes out of the Bureau of Economic Analysis: Despite widespread unemployment, the BEA reports that U.S. corporations, reluctant to expand in an uncertain economy, are sitting on $1.6 trillion in cash reserves, a record amount, according to BEA economist Greg Key. Even looking at the companies in the Standard & Poor's 500 index of blue chips -- and stripping out financials, which are required by regulators to keep large cash reserves in order to cushion against risk -- the cash on hand number is still rather monstrous: $1.1 trillion. To put that in perspective, as a percentage of companies' total market capitalization, that $1.1 trillion is more than double the ratio seen before the crisis.
The Economic Policy Institute's March 2010 report cites an average of five applicants for each job opening.
The Bureau of Labor Statistics has released a report on the long-term experience of the jobless.
By the end of 2009, the jobless rate stood at 10.0 percent and the number of unemployed persons at 15.3 million. Among the unemployed, 4 in 10 (6.1 million) had been jobless for 27 weeks or more, by far the highest proportion of long-term unemployment on record, with data back to 1948.
So much for lazy Americans looking for a handout...
Why should a company that doesn't need new hires, hire anyone?
I think it's wonderful the research you did with the long-term experience of us unemployed, but what we need is figures on what the impact of not hiring on these same companies is.
As-is your statement sounds like resentment for not getting a job from a company that is doing well without you. In other words, a handout.
Why should a company that doesn't need new hires, hire anyone?
I think it's wonderful the research you did with the long-term experience of us unemployed, but what we need is figures on what the impact of not hiring on these same companies is.
As-is your statement sounds like resentment for not getting a job from a company that is doing well without you. In other words, a handout.
If all these people were working before... Why all the layoffs in the first place?...
Answer:
It's an elitist attempt of a reboot of the economy... While undermining the Obama administration... Wipeout everyone's life savings... A systematic elimination of the middle class.
Why should a company that doesn't need new hires, hire anyone?
I think it's wonderful the research you did with the long-term experience of us unemployed, but what we need is figures on what the impact of not hiring on these same companies is.
As-is your statement sounds like resentment for not getting a job from a company that is doing well without you. In other words, a handout.
Most companies hire to increase their profits. What companies are doing, when orders increase they make the employees work overtime, mandatory overtime. When they decrease, they lay them off til the orders come back. The companies are sitting sweet. And in most markets, that is exactly what is happening, one month of better than projected orders and another one that falls short. So would you spend money on capitol equipment in this economy? Buying new equipment or adding to existing equipment is the only way to increase output. Companies have to spend money to make more money. Until Congress gives the companies major tax breaks, we will be in this predicament for a while.
Most companies hire to increase their profits. What companies are doing, when orders increase they make the employees work overtime, mandatory overtime. When they decrease, they lay them off til the orders come back. The companies are sitting sweet. And in most markets, that is exactly what is happening, one month of better than projected orders and another one that falls short. So would you spend money on capitol equipment in this economy? Buying new equipment or adding to existing equipment is the only way to increase output. Companies have to spend money to make more money. Until Congress gives the companies major tax breaks, we will be in this predicament for a while.
Add to that... Why aren't companies expanding to increase profits?... They would need new hires to do so... They are just sitting in standby mode... Why is that?
Add to that... Why aren't companies expanding to increase profits?... They would need new hires to do so... They are just sitting in standby mode... Why is that?
Add to that... Why aren't companies expanding to increase profits?... They would need new hires to do so... They are just sitting in standby mode... Why is that?
Expansion is necessitated by demand. Demand is created by consumers. Consumers are people who have money and are willing to spend it. People who have money are people who have jobs. Many people do NOT have jobs right now ergo companies are not in "expansion" mode.
Expansion is necessitated by demand. Demand is created by consumers. Consumers are people who have money and are willing to spend it. People who have money are people who have jobs. Many people do NOT have jobs right now ergo companies are not in "expansion" mode.
Exactly. No job=no money, to consume/demand product.
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