Corporate Profits Are Surging, But Where Are the Jobs

The New York Times reports that corporate profits have returned to near pre-recession levels. Of interest is the fact that while these corporations have compiled massive cash reserves they have failed to increase their hiring of new employees.

Full Article: Corporate Profits Near Pre-Recession Peak

Related Article: Robert Reich: The Great Decoupling of Corporate Profits from Jobs

A quote from the Article:

“Bottom line: Higher corporate profits no longer lead to higher employment. We’re witnessing a great decoupling of company profits from jobs.”

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