Friday, December 17, 2010


Vanity Fair had an interesting article, The Simple Solution to America's Unemployment Problem. It caught my attention because I've been thinking lately, is Big Business really good for you and me? I haven't completely formulated my thoughts on the subject because I can see the pro and cons of the equation, but I can tell you think: hiring people and paying them a liveable wage cuts in profits.

Profits are what are important to companies. They want to make money and so if they can't make their sales, they cut their spending. People are among the easiest assets to let go. And my great fear these days is that with businesses doing more with less, the incentive to hire is so low. I mean, if they've got someone who can do the job of three people, that's a cost savings to the company and an improved bottomline. Who's going to go through the expense of hiring when you don't need to?

Anyway, it's an interesting rant and much to think about. We think Big Business is good for America, for us the little people, but is Big Business making their decisions with America in mind?

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