I had this thought when talking to a customer – he has an employee to whom he pays a set wage (hourly pay, but same number of hours every pay period). Week in and week out, there is no discernable, tangible output of work from this employee. Does this fact make this employee’s pay infinite per hour? Just a thought.
Continue ReadingHiring Time
According to this CNNMoney.com article, 2010 hiring will be steady and growing (emphasis mine): “We see a healthy expansion under way, although it will take time to reduce economic slack and repair damaged balance sheets,” said Lynn Reaser, president of the National Association for Business Economics, which conducted the survey of 48 top economic forecasters in late January and early February. I wonder if those are the same “economic forecasters” who are perpetually surprised by the latest economic news? Nonetheless, I don’t mind a little positive outlook during this recession: The NABE panelists expect that jobs will return slowly this year, forecasting an average monthly increase of 50,000 jobs in… Read More
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