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Kevin Drum knows the simple truth about hiring

June 20, 2011

Kevin Drum:

“…but companies don’t expand and hire more people because their corporate treasuries are flush. They expand and hire more people when they think demand for their goods and services is strong.”

It’s really true.  Companies hire when they are swamped with demand, not when profits are high.

Then, he goes on to show that the corporate tax holiday for repatriated profits is a scam.  It’s a great post all around.

 

 

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