Thursday, July 26, 2012

What exactly are the "job creators" doing?


Memo to the so-called "job creators": what the heck are you doing?

The "job creators," whoever and wherever they may be, sure aren’t doing too much job creating...and the tax situation isn't to blame, because taxes haven't been raised for years.

On, Lorraine Woellert of Bloomberg noted  that about 13 million Americans are actually looking for work, and 8 million more are working in part-time jobs although they'd prefer full-time employment. The U.S. Department of Labor has reported more than 3 million job openings each month for the last 18 months. Woellert says half of American companies claim they can't find suitable applicants to fill the open job slots.

There is, to be sure, a "skills gap" that has some impact on the employment situation. On the other hand, the ManpowerGroup reports that many companies have abandoned their in-house training  programs.

James Surowiecki in The New Yorker (July 9) argues that too many companies have been way too selective in their hiring practices, in effect allowing too many jobs to go unfilled while the hiring managers wait for the "perfect" candidate to apply. He mentions one engineering company that received 25,000 applications for a "standard" engineering job, but didn't hire anyone.

Let's call it like it is. Too many political and corporate leaders have been dragging their feet on jobs and employment, delaying or declining to hire workers, as part of a general disinclination to do anything that would boost the national economy and revive economic growth……it's not too hard to figure out that there are powerful interests that believe that a lagging economy will derail President Obama's re-election bid.

I won't forget to mention that the pay packages of top corporate executives have been rising for the last few years. Too bad they don't get paid for creating jobs.

More advice for "job creators"

...and another thought....

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