Jobless recovery?
1st August, 2011 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
In theregistrysf.com July/August 2011 “One statistic noted by our esteemed Final Offer interviewee this month, John Challenger of the global outplacement firm Challenger, Gray & Christmas, is that the nation’s GDP is roughly the same as it was in 2007, $13.5 trillion, yet this is achieved with seven million fewer workers. That is staggering on several levels. Practically, it means we were not efficiently utilizing our resources before the recession, and we hadn’t even realized it. It illustrates how much greater technology’s influence and power can be. But it also means that the current arrangement is unsustainable.” This does not include the millions of jobs offshored which aren’t coming back, and with iPhones and iPads enabling folks to get way more done faster with less staff assistance this may be a continuing trend …
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Posted on: August 1, 2011
Filed under: State of California, Taxes, Technology, The Economy, Uncategorized, unemployment
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