Monday, August 8, 2011

Why Companies Aren't Hiring

Here's a good post on why companies have been so tepid about hiring people and putting folks back to work.  In light of the crazy day on Wall Street, a day (and a weekend) after a questionable S&P downgrade of the United States' credit worthiness, I thought I ought to share this post.

And I'm sure others like this will come from me.  

Basically, even as profit grows, firms are still not as confident about the general long-term economic stability  And it's happened before during the Great Depression.  

More at Money (CNN).

Note:  Keep in mind that this is the same S&P that dropped the ball on all those home-loan securities that tanked the global financial system.

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