Fortune 500 Yahoo
With all the profits these companies are making,but still not hiring anyone?
http://news.yahoo.com/s/ap/20091022/ap_on_bi_go_ec_fi/us_economy
do U suppose the Fortune 500 companies will just start selling to all those 1.3 billion chinese or even people from India that make all those products,for I hear the chinese economy is starting to boom once again. Otherwise, where are they suppose to find those consumers whom don’t even have a job anymore.
Most of the profits public companies are making are not from economic growth. ( growth of revenue) It comes from slashing costs, like laying off employees, downsizing debt. So the profits are in a way misleading if you’re only reading headlines. Dont expect any decent amounts of hiring til the companies get revenue growth.
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