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Business owners say they need more demand

July 26, 2011

The Wall Street Journal notices the reason why there is no hiring – there is no demand for more product.

“The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists in a new Wall Street Journal survey.

“There is no demand,” said Paul Ashworth of Capital Economics. “Businesses aren’t confident enough, and the longer this goes on the harder it is to convince them that they should be.”

Holy smokes!  We need more demand.  There has actually been a slew of articles about this exact thing.  I guess the meme is catching on:

Businesses hire when they are swamped with demand, not when they have high profits.

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