Saturday
Businesses can no longer put off hiring
Businesses haven't given up their drive to do more with less - but they're finally acknowledging they can only go so far without adding workers.
Even as the economy grew over the past two years, businesses automated and streamlined, cut jobs and demanded more of fewer workers, "offshored" and outsourced - anything to wring more productivity and profits out of their operations. But new employment figures released on Friday show the spiral of productivity gains that have long allowed companies to grow without adding jobs has its limits, economists say. more..
Even as the economy grew over the past two years, businesses automated and streamlined, cut jobs and demanded more of fewer workers, "offshored" and outsourced - anything to wring more productivity and profits out of their operations. But new employment figures released on Friday show the spiral of productivity gains that have long allowed companies to grow without adding jobs has its limits, economists say. more..
