New York Times:
“I don’t think businesses will hire back anytime soon, because it doesn’t pay for them to do that,” said Allen Sinai, chief global economist at Decision Economics. “Companies are rewarded by the stock markets for not hiring and keeping their costs down. We will see another jobless recovery.”
Companies are rewarded by the stock markets for not hiring and keeping their costs down; profits in the face human suffering are rewarded by social revolt.
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