| Author | Message | ||
     Ft_bstrd |
There is an estimated $7-$9T of corporate assets held on the sideline. Why are employers not using these assets to hire new employees? If you were a business owner, why are you not hiring new employees? | ||
| Xl1200r |
Uncertainty. When you get right down to it, this whole economy mess is just in everyone's heads. It's bad because they think it's bad. It stays bad because they don't think it's going to get better. | ||
| Andymnelson |
We've gotten really good at running lean. We don't need any employees, even tho we do have some money finally. That, and we feel the need to hold that money in case things fall apart even more....which they appear bound to do. | ||
| Azxb9r |
If you are selling "X" amount of goods or services, and your current staff is adequate to cover that demand, it does not make sense to hire more staff untill your demand out paces your ability to supply. Especially if you are nervous about the economy. | ||
| Britchri10 |
Employment costs (Both short & long term) If a business can get by with it's existing staff levels, it will. Why risk the money additional staff may cost in the near future when the business can function without incurring additional costs? I see it every day at my work (& we are definitely in a "service" industry) Chris C | ||
| Sifo |
It's not just a matter of hiring employees. Azxb9r nails it with the supply/demand aspects of it, but there's more to it than just that. You need to expand your business to hire. That means investments far beyond just cost of employees, and you want some certainty that you aren't just flushing cash down the crapper. With the current political environment, I would be very concerned about making huge investments of capital knowing that the President is looking for ways to penalize your success. It's far easier and much safer to simply wait it out, even if that means not growing into potential demand that may exist. | ||
| Etennuly |
Uncertainty is tops on my list. The first to jump and say "ok business back to normal" is likely to be the first to loose everything as others sit back to see what happens to him rather than join the hunt. In my small business I have several times now completed a good period to re-invest it into the next dead period. A perpetual nail biter of a business market. Kind of like rain drops after a drought. The first ones in are sacrificial, they hit, go poof in the dust and disappear. The ones that do better are waiting to land in flowing water. | ||
| Thumper74 |
My boss can't find suitable candidates... We are looking for ASE certified technicians. The good ones have jobs or are retired, the rest are downright scary. The rest of the applicants have no automotive experience and/or degrees in completely unrelated fields. | ||
| Just_ziptab |
If we hire somebody and they turn into a dud after a few months and are "only dedicated to the pay check" it is very hard to fire them with out documentation. Oh yeah,we can shit can them for no reason,but our unemployment insurance rates go through the roof. We have "temps" on site every day........very disposable if they don't do the job. | ||
| Fast1075 |
I'm in the same boat as Thumper74. I would crap green slime and harley oil if I could find a good tech to hire in. | ||
| Slaughter |
Hiring GOOD employees takes a few years of GOOD business forecasts. The only jobs that can justify hiring NOW are those with no future (think fast food) I would NOT wish to work for a company that had NO RESERVES (unless I were taking a risk with a start-up and I KNEW the stakeholders). | ||
| Azxb9r |
I have several times now completed a good period to re-invest it into the next dead period. Unfortunately that sounds all too familiar Thumper...we also have that problem, too many people masquerading as mechanics that dont actually know how to diagnose or repair problems. | ||
| Court |
Same reason banks won't lend to someone with a 795 credit score, no debt and a 50% down payment. Uncertainty. No clue..... With obama in office .... What the rules will be in a month. I wouldn't hire anyone not absolutely essential. | ||
| Jramsey |
"I wouldn't hire anyone not absolutely essential." Why would any business hire otherwise? Return to Ft.Scott and tell me different. Money can buy most anything but can not purchase everything. | ||
| Aesquire |
Unemployment started to rise when the Congress went D. ( we, the people had reason to not vote the R's back in.... they spent too much money, remember? ) Unemployment really started to slide when BHO got nominated. ( no one really thought that Obama's selection of an opponent would win ) Been down hill with hiccups ever since. But the REASON is uncertainty. And, perversely enough, certainty. Certain that the new health care takeover will cost too much per employee, certain that the cost will skyrocket even before the takeover really kicks in, and certainty that there is a 5K+ cost per employee due to new federal regs. Money can buy most anything but can not purchase everything. Truth, see Spain after the conquest of central America. Flush with Gold, they didn't have a matching increase in actual wealth, ( making stuff ) so they had massive inflation, with too much money chasing too few goods. The opposite of today with the insane borrowing, but another example of govt messing stuff up. | ||
| Ft_bstrd |
What in the new "Jobs Bill" will bring greater certainty to the market and spur employment? | ||
| Kc10_fe |
From what a friend explained to me those $9T arent readily available. He owns a small elevator company and has had it for 20 years. He currently has a few lines of credit. The banks want him to pay the loans down so they can decrease his credit lines/borrowing capacity to about half. He said instead of taking it in the shorts and losing his borrowing/purchasing money hes only paying interest. Most costs are absorbed by the owner up front and he gets his money after its installed and turned over to the customer in weeks or a month timelines. The banks are making nice profits off TARP. The little guys taking a beating and the rope on the lifeline is tied to a brick. | ||
| Court |
>>>Why would any business hire otherwise? Let me rephrase that . . . Businesses, presently, are going to extraordinary means NOT to hire . . . working extreme overtime, having folks swap jobs and all sorts of things. Business has no clues what the rules will be in 90 days or 2 years and what the tax environment is. If you were Boeing or Gibson guitar would you even THINK about adding staff in the United States? Business is hoarding cash (and the government is even trying to get legislation to "limit" the amount of cash a business can have, no kidding) and sitting tight until some sanity comes to all this. I've kind of tossed up my hands and taken a bit of a "if you can't beat them" strategy until the next election by preying, and profiting, on some of the stupid shit that happens when you introduce this level of noise into the commercial market place. | ||
| Ft_bstrd |
There is also another $6-7T in individual assets being held on the sidelines. What would YOU do to coax corporate and private money back into the market? | ||
| Court |
>>>There is also another $6-7T in individual assets being held on the sidelines. Much of that is leaving for good . . . those nasty "rich folks" saw the writing on the wall. Stanley Druckenmiller led them out . . . the bus headed out on August 18, 2010. Play the game . . . . or be played by it. | ||
| Jon |
I hired my first salaried employee 2 weeks ago. And I am going to provide health benefits. I was dropping too many eggs and needed the help. For me, this was a neccessity. Doe this post make me look fat? | ||
| Reindog |
Employers are on Strike. Read "Atlas Shrugged" and you will realize that it is a parable about right NOW. For those who are incapable of reading, then look to Europe to see our future if we don't return to Capitalism and Conservatism. Leftists fundamentally do not understand how they are destroying our economy and by extension, our civilization. They look at companies as an abstraction. A clearer picture immediately forms if one imagines that it is ones OWN money that is used to run a business. Would you spend your own money when you see ObamaSnare and the growing bureaucracy setting its sights on your pocketbook and continually demonizes you? Would you? | ||
| Ft_bstrd |
I wonder if the UAW will strike as the agreement ends with GM. Interesting times. | ||
| Sifo |
I hired my first salaried employee 2 weeks ago. And I am going to provide health benefits. I was dropping too many eggs and needed the help. For me, this was a neccessity. Necessity is the ONLY reason an employer hires employees. I wish more people could understand that simple fact. People like BO have some crazy idea that the employer somehow has a responsibility to hire people. Where do they get that bat-sh!t crazy sort of idea? | ||
| Ft_bstrd |
Where do they get that bat-sh!t crazy sort of idea? Ever heard of the Communist Manifesto? | ||
| Buellifer |
Because businesses keep building manufacturing plants in other countries. Cheap labor, no EPA restrictions, and cheaper taxes equal huge profits. It comes down to greed and making the share holder happy. A friend of mine told me General Electric has built and is in the process of opening and new steam turbine plant in Russia for next year... And now the Schenectady site only has three turbines to build next year. Pretty soon that site will be a service shop. More Americans losing jobs. The president put Immelt in charge of creating jobs in America and he is taking them away in his own company and sending them over seas. Immelt is taking the tax payers money and running with it. That is if the government is paying him for that position. Nice choice there Obama. | ||
| Ft_bstrd |
Because businesses keep building manufacturing plants in other countries. Transacting business in a foreign country is a pain in the ass. You are describing the symptom and not the problem. Shareholders DO require a return on capital just like you or I would on invested money. What rate of return do you believe is fair for a company to earn? | ||
| Buellifer |
Quote>>> What rate of return do you believe is fair for a company to earn? Really you want to get into it. Any company making billions and not paying taxes is making enough. No they are making to much, But it is not enough for them so they move jobs out of the country. Some of you guys like to argue over stupid shit. Clearly GE makes tens of billions every year they do not need to kill American jobs!!! And you want to start an opinionated argument about how much I think a company should earn. It would not matter what I would think about a company earnings. You would disagree and argue it till we are both blue in the face. I understand GE wanting to save money on shipping and reducing lead time with a state of the art plant with new equipment. Now they are in the back yard of the area that is growing in leaps and bounds. Being an American company means nothing to them. GE could have invested the billions of dollars it took to build that plant in Russia and upgraded the plants they have in America and made them more profitable. But the greed of lower labor and the other perks is to high to care about their fellow Americans/Employees, I guess. I know many people who work in that plant and some will lose their job. I'm sure Edison has turned over in his grave. He cared about his employee until the day he died!!! I voiced my opinion and I'm done here. | ||
| Ft_bstrd |
I asked a simple question in response to your assertion that the only reason employers were not hiring (at least in the US) was "greed". I asserted that doing business with the Chinese is a huge pain in the ass and that the offshoring of jobs is the symptom not the disease. Do investors (those supplying their hard earned capital) deserve to receive growth on that investment? What rate of return do you feel is fair for these investors to earn? Let's have a dialogue and not a shouting match please. | ||
| Buellifer |
If I were shouting I would type in capital letters. When messaging on line that is what denotes shouting/yelling. Like I said no matter what I would say you would disagree. I'm mostly a bystander who just reads and I do not post to often. I see your name in many arguments or as you say dialogue. I have better things to do than get in to pissing matches. Have a good night I'm going to bed going for a ride tomorrow morning then watching some football. |
