Maybe, um, this is why unemployment is so high?
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Maybe, um, this is why unemployment is so high?
Companies are squeezing greater profits out of their employees, even as layoffs rise and the outlook for hiring and raises remains mixed, a recent study has found.
Profits per employee have gone up for the second year in a row, according to a study by the financial analysis company Sageworks, suggesting that companies continue to get more out of their employees as they slash their payrolls in an effort to get leaner. The findings also suggest that profits have been rising despite the lack of a corresponding increase in wages.
The private companies surveyed by Sageworks reported that their profits per employee climbed to $15,278.72 in 2011 from $12,488.02 in 2010, a rise of about 22 percent for the year. The figures for 2010, in turn, represented an increase of about 24 percent from the 2009 profits per employee, which were $10,045.56.
Oh, heck....who am I kidding? It's all Obama's fault.
In a just-barely-related matter, are you really annoyed by bloggers like me who always write things like "um" and "you know" in their posts? The New York Times tells me it's all the fault of late novelist David Foster Wallace.
Comments (89)
Comment removed.
Same old recycled trash from right-wing-talking-point central, I see. Wah, taxes, wah, regulations, wah! Apparently it's not affecting the productivity of workers, but then we know who the real crybabies are in this country.
Sorry, boyz, but this pretty much sums it up.
--snip--
Over the years, Social Security ws structured so that the payroll taxes that fund it (13.4% of wages, half from the employee and half from the employer up to about $107.000 in salary; a figure tha rises a bit each year) would be applied to 90% of total U.S. compensation. The actuaries calculated that hitting that 90% should keep the trust fund in pretty good shape.
Today, though SS payroll taxes are collected on only about 82 to 84% of total compensation: The difference is immense. And why does the difference exist? Rampant inequality, and compensation arrangement at the top that give executives their pay in the form of capital gains and stock options and other income forms to which payroll taxes don’t apply. And, if middle-class incomes had grown respectably since [instead of stagnating] in the 1970s, we'd have millions more Americans making $60,000 instead of $50,000 and $100,000 instead of $80,000, and the Social Security trust fund would have that much more money.
--snip--
— Talking point sleuth- Comment removed.
- "social security is not a tax...its a trust fund." - Talking Point Sleuth, at this point I think its fair to say that its been a valiant attempt but when you read this, you just have to remember who you're arguing with and realize there is no hope.— Murrayman
- Comment removed.
- I'll never give up hope, Murray. Everyone is redeemable. Even those who call tens of millions of children born into poverty, and tens of millions of working poor, and tens of millions of seniors on Medicare, "the parasite class."
But here - I found a group photo of a few of our much beloved Attytood Republican toadies. Take a look.
http://tinyurl.com/3rrxg2o— Talking point sleuth - Comment removed.
- Why do you insist on some one size fits all theory of job generation? Why can't you simply admit that there are multiple ways of achieving an end, and perhaps it is wise to use a multi-faceted approach to getting there?
This obsession with "well, [insert Republican hero/tycoon] did it this way!" or "well, [insert Dem hero/tycoon] did it that way!" is such a waste of time. All decisions are made in the middle, so start thinking compromise.— evolutionary - Steve Wynn, job creator, is interested in running his company, which he has, successfully. That doesn't mean he understands macro policy. He's self-interested. Nearly 2/3 of his revenue comes from overseas. Maybe its the weak dollar policy that has him flummoxed. Problem is -- he doesn't specify! Moynihan's quote confirms it -- its a tax, that becomes a payment into a defined benefit insurance policy. So it's both. Wow, wonder me that. How complicated. Yes, they are fundamentally different, granted. They're still taxed. Oye ve. NOte how when lifecoach says 'men who have created hundreds...etc" he wants you to presume that only these men have spoken against the admin. Of course we find a different reality.— Murrayman
- Comment removed.
- " there are liberals who started companies, Warren Buffet, Bill Gates, Ted Turner" Well, since you brought it up, take a look at the profit per employee trends for their companies. Since 2008, Microsoft's profit/employee has gone from $194,000/employee to $245,000/employee. Another left leaning company, Apple Inc., has gone from $151,000/employee to $495,000/employee! You'll find similar stats for Berkshire & Turner.
— legatus - Comment removed.
- This statement proves my point about Left/Right wingnuts. Who cares what "X" person (regardless of political party) did to succeed in business or what his view is on government policy? You really think that "X"'s path to success is the only way? That there's a one-size-fits-all solution to business/economic success? Just stop.
As a primer on Compromise 101, I offer you this: Before an idea goes from your brain to your mouth, start as a basis with the realization that "your side" is not going to get everything "you" want, and that "their side" is going to get at least half of what "they" want. And accept that that's a good thing, and take heart and satisfaction in the fact that your fellow Americans, while possibly different ideologically, are content. And if you are feeling very progressive (whoops, let's say patriotic), hold your Congressmen accountable for taking polarizing stances.
And as to Obama's "wet blanket policies", TPS shredded your entire premise about administrations and economic success above. And that's coming from me, an objective, evolved moderate.— evolutionary - Just like a Conservative -- a pat on ones own head -- like the wrestler Barry Horowitz - used to pat himself on the back before a a match.— Murrayman
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