Posted by & filed under Part 1 Business in a Global Environment.

Description:  To gaze upon the world of American corporations is to see a sunny place of terrific profits and princely bonuses. American businesses reported that third-quarter profits in 2010 rose at an annual rate of $1.659 trillion, the steepest annual surge since officials began tracking such matters 60 years ago. It was the seventh consecutive quarter in which corporate profits climbed

Source: NYTimes.com
 
Date: 01/08/2011

Link: http://www.nytimes.com/2011/01/09/weekinreview/09powell.html?scp=1&sq=Profits%20are%20Booming.%20Why%20Aren%E2%80%99t%20Jobs&st=Search

Questions for discussion: 

  • Summarize the reasons given for slow growth in job creation.
  • Do you believe that employment will return to the levels that were normal in the past?
  • How should employers and employees respond to these new economic conditions?
  • What are the long term prospects for economic growth if employment levels remain low?

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