Corporate America Fat & Happy, Doing More with Less Workers

Corporate America earned record profits. Last quarter, reports The New York Times, those profits totaled $1.659 trillion, when tallied on an annual basis. Those are the highest profits in 60 years.

And the economy grew at 2.5 percent.

A lot of that money and economic growth is coming from the corporate mandate to do more with less -- yeah, less manpower.

Despite all the signs the great recession is over and the recovery is picking up steam, not enough companies are hiring. The party line on that is, "As yet, there simply isn't enough growth as well as confidence in the strength of any upturn for widespread hiring."

But, not many workers are likely to buy into that. For that reason, more and more aren't waiting around for a burst in hiring, and instead are creating their own jobs.


Filed under: Employment News

Jane Genova

Editor

Jane Genova http://janegenova.com began focusing on transitions when the academic market collapsed as she was writing her dissertation in linguistics and literature at the University of Michigan.  After re-establishing herself in the public relations industry, she gradually published on the subject.  Her first piece was on The Professional Woman in THE WALL STREET JOURNAL.  Since then, she co-authored the book THE CRITICAL 14 YEARS OF YOUR PROFESSIONAL LIFE and myriad e-books and articles on career subjects ranging from emotional intelligence to aging.  In the 1980s she attempted another change by attending Harvard Law School.  She didn’t complete the degree but channeled that experience into maintaining a legal blog [http://lawandmore.typepad.com] housed at the Library of Congress.

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