So, if unemployment is at 9.2%, who is making all these things and providing services? What a great question. Hope to answer it shortly.
Businesses laid-off thousands over the past two years. The workers that were left had to pick up the slack, because production couldn't suffer. So, fewer workers are creating the same number of products and services. Companies are now charging more for the same goods.
What does this all mean?
Businesses now have smaller payrolls...smaller overhead.
Though they cut employees, production is still at all time highs.
Businesses are charging more for the same goods and services...larger profits.
How can these same companies claim that times are tough and they can't afford to expand their workforce. I believe they need to come clean and state clearly what's going on. Let's try this statement...We are not hiring more workers, because the ones we have now are working their butts off and profits are through the roof.
"Everyday you go a well, one day the bottom a go drop out." Bob Marley