Home > Main > High Corporate Profits do not cause hiring. High demand causes hiring

High Corporate Profits do not cause hiring. High demand causes hiring

August 30, 2011

Last quarter, corporate profits were at an all time record as a percentage of GDP.    Yet, we still have high unemployment.

This isn’t a mystery – it’s historical fact.

Keep the meme alive!

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

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  1. Clonal Antibody
    August 30, 2011 at 12:52 pm

    See also Stephanie Kelton on this – Matchmaker, Matchmaker Find Me a Job

    Good news. Republicans have just unveiled a bold new plan (see below) to create jobs in the private sector. Don’t worry, it isn’t another “wasteful” stimulus package that hires people to repair roads and bridges or helps state and local governments hold onto their teachers and firefighters. This one won’t cost the government a dime! It’s a simple idea, really. A good old-fasioned meet-and-greet, where throngs of unemployed Americans can claw their way through a crowd of equally desperate men and women looking to land the perfect mate. I mean a reasonable match. I mean any job whatsoever.
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