Sunday, September 11, 2011

Employers say jobs bill won't affect hiring

So says the lead story in yesterday's NYT.  The main reason the jobs bill won't much matter is quite simple: people are not buying enough stuff to warrant hiring additional workers.  The article points out that the companies that are hiring now (NC State MBAs take note: many of them are technology and energy companies) are those where consumer demand is strong.  Reduced payroll taxes and bonuses for hiring the unemployed will often be used, the article points out, to lower the cost of people who would have been hired anyway. 

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