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Why Employers Are Slow to Fill Jobs: Business Class – Bloomberg

July 18, 2011

Summing up, employers have been slow to fill jobs for several reasons. Skill mismatch is a major concern, and one that defies easy solution. Low recruiting intensity is another significant factor. A return to robust growth would cause employers to intensify recruiting efforts, especially under a more stable policy outlook. Job openings would fill more quickly, contributing to a pick-up in the pace of hiring. Sustained growth would also improve opportunities for workers, re-energize job-seeking efforts and diminish the unemployment rolls.

via Why Employers Are Slow to Fill Jobs: Business Class – Bloomberg.

 

What? Those selfish businesses! Hire people already! Sheesh! We’re in the middle of an economic crisis and they’re playing like everything is ok, and that they can pick and choose who they want to work for them. Don’t they know every person they turn down for a job is HURTING!™….

To the hippie and the progressive (BIRM), these businesses are being selfish and obviously need a kick in the pants, especially if they don’t believe that rosy picture of the economy being painted by the the White House…

Ask and ye shall receive:

The head of General Electric told a jobs summit at the U.S. Chamber of Commerce Monday that businesses needed to take the lead on job creation.

At a conference where many of the comments were focused on government barriers to hiring, GE (GE, Fortune 500) Chairman and CEO Jeffrey Immelt acknowledged there needed to be some policy changes by Congress and the Obama administration. But he said that the responsibility for hiring lay with businesses.

“The people who are part of the business sector, the people in this room, have got to stop complaining about government and get some action underway,” he told the group. “There’s no excuse today for lack of leadership. The truth is we all need to be part of the solution.”

Which echoes this two months earlier:

President Obama urged businesses to “step up” and hire workers, pressing banks and other corporations to do more to help an economy that he said would take “several years” to recover fully.

In a town-hall style meeting conducted by CBS News on Wednesday, Obama said the weak housing market and high gasoline prices were the biggest “headwinds” dragging on the economy.

“We’ve got a lot more work to do to get businesses to invest and to hire,” he told the audience in remarks broadcast on Thursday.

Meh. Sheer will and a desire for a certain outcome…. sorry, but people just aren’t buying the bait and switch anymore…

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3 Comments
  1. July 18, 2011 10:05 pm

    10-289 just isn’t working…

  2. Michael Eaton permalink
    July 20, 2011 4:55 pm

    Why aren’t they hiring?

    Simple: Demand-side economics. Austerity hurts the economy. In this case, austerity of the consumer.

  3. July 22, 2011 10:49 pm

    Demand = Need + The Means to Acquire. One may want or even need something, but without the means to acquire it, a business has no incentive to risk capital to invest in the means to produce it. Taking money out of the economy in the form of taxes in order to “give” someone the means to acquire something is a circular argument. Higher taxes on a business offset much if not all incentive to produce which would be “stimulated” by redistributing wealth to the people might buy their product. In the Keynesian, demand-side model, when you try to stimulateTM the economy by increasing demand for something, it usually results in an increased price for the object in demand, thus making the means to acquire it that much further out of reach.

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