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Originally posted by TDawgRex
Originally posted by PLASIFISK
How is Obama making businesses lay off it's employees? Where is the connection?
Because his Admin is creating regulations that are strangling them...so much red tape that many don't even want to start their own business. It's cost prohibitive.
It's all over the business news.
U.S. companies are the most profitable in more than 40 years, and some of the best-known stock pickers are divided over how long that will last.
Bob Doll, chief equity strategist at BlackRock Inc. (BLK), said low labor costs and cost-saving technology will allow companies to keep up their profitability. Jeremy Grantham, chief investment strategist of Boston-based Grantham, Mayo, Van Otterloo & Co., said margins will send stock markets tumbling when they eventually revert to their mean.
August 2011
On Friday we saw record quarterly profits of $1,450 billion, making up a record share of GDP at 10.1%. We're also at record corporate efficiency of $15,278.72 -- up 22.3% from last year -- according to Sageworks Inc.
That last one says it all. Rampant job cuts and salary cuts, with new responsibilities for old workers, during the recession turned corporations into profit-making machines. Stimulative policies from the government and the Federal Reserve helped plenty. New technology also helps with efficiency.
Unfortunately there are no signs that corporations are turning revenue into jobs. See 14 of the biggest job-cutting companies >
Their concerns are not unfounded. In early 2009 a set of policy proposals known as Indigenous Innovation Accreditation caused alarm among international businesses when early drafts seemed to shut the door to foreign products across the high-tech industry through a complicated licensing system that required companies to register their IPR in China before registering elsewhere in order to qualify. In a report this June, the Washington-based U.S. Chamber of Commerce said the policies were "considered by many international technology companies to be a blueprint for technology theft on a scale the world has never seen before."
On January 31, 2011, China’s National Development and Reform Commission (NDRC) issued a “Notice on Further Regulating the Development and Record-Filing Administration of Equity Investment Enterprises in Pilot Regions” (the Notice). The Notice provides a more specific operating and compliance guidance for equity investment enterprises (EIEs) established in four pilot regions (specified below). Generally speaking, a private equity (PE) firm, whether domestic or foreign-invested, is an EIE as defined in the Notice.
As Chinese wages rise, US manufacturers head back home
One big factor behind the move is the rising cost of labor in China. When it joined the World Trade Organization in 2001, China's average manufacturing wage was 58 cents an hour, says Harold Sirkin, senior partner at the Chicago office of BCG and one of the coauthors of its report. Since then, Chinese wages have risen 15 to 20 percent per year.
“The decisions you made when wages were 58 cents an hour are potentially going to look very different than when wages are around $6 per hour, as they will be in China in 2015,” Mr. Sirkin says. When the cost savings of manufacturing offshore is less than 10 percent of manufacturing domestically, companies start to reassess their decisions, he adds.
reply to post by PLASIFISK
because the CEO's have to make 9 million a yr while obama is president and not 15 million if romney was president
Originally posted by spiritualzombie
reply to post by ararisq
This argument is nothing more than financial terrorism from the right. Such slime, they are.
Originally posted by MaurinQuina
reply to post by tport17
Well, its going to start happening in January....
Originally posted by jtma508
reply to post by MsAphrodite
Gee. Well I must be stupid then. As must my employer. They just keep expanding and hiring quarter-on-quarter. I don't know how we're managing to stay in business. Our CFO must be a fool.
reply to post by Ninjamikec
because the CEO's have to make 9 million a yr while obama is president and not 15 million if romney was president
Originally posted by TDawgRex
Originally posted by Indigo5
Originally posted by TDawgRex
reply to post by Indigo5
I tend to listen to what the business people are saying, rather than policy wonks.
And I own 2 busineses and employ 9 people. I don't have the luxury of believing idealogical BS about economics, BS costs money...same goes for my fortune 500 clients. The only layoffs directly related to this election are at the Romney campaign.edit on 7-11-2012 by Indigo5 because: (no reason given)edit on 7-11-2012 by Indigo5 because: (no reason given)
I didn't vote for Romney...but good luck with that.
Originally posted by TDawgRex
reply to post by FreebirdGirl
Well...Duh! Of course it's about money.
But you just posted more policy wonk stuff. I hold them absolutely as a non credible source.
Just sayin'
We'll see who is right in the next four years.
In the meantime, I won't be employing anybody until I see a favorable climate. After all, it is my money on the line.
Because his Admin is creating regulations that are strangling them...so much red tape that many don't even want to start their own business. It's cost prohibitive.
It's all over the business news.
Originally posted by TKDRL
My cousin worked for a delivery company driving a truck until this morning. They laid off half the drivers, and said that they will probably end up closing shop completely after the holidays.
A lot of the jobs out there now are seasonal only, wonder how high unemployment will jump in Jan.....
Originally posted by MsAphrodite
reply to post by Indigo5
He promotes fascism. If the shoe fits...
Originally posted by HauntWok
...Companies that lay off people because they are too scared about the economy are the problem.
...What this country needs to do is to reject companies that lay off people because of who is in office and start supporting companies that hire when times are tough and have actually expanded their business during a recession.
We should track companies that lay off employees because of who is in office and boycott their products and services and give that business instead to their competitors who aren't trying to make a political statement with people's jobs.
...it's time that people help this recovery along instead of trying to hijack the political process by artificially stagnating the economy over petty political differences.