US corporations flush with profits

[DinoDoc]

Aren't all employee benefits?

[Kidlicious]

Originally posted by DinoDoc
Aren't all employee benefits?

Do you know what a token benefit is?

[pchang]

Pyramid scheme

When you are one of the largest employers around, your employee stock purchase plan can be a bit of a pyramid scheme. You ensure a steady supply of buyers for your stock that in turn, keeps your stock price high. We would need to compare the percentage of employee purchases with the total volume on the stock. If we ranked all companies with ESPPs, I bet Walmart would be pretty high on the list.

[DanS]

Originally posted by Oerdin
Tell that to GM.

Thankfully, the automakers are some of the only exceptions to the rule (as well as the airlines).

The US is blessed with companies that make good money. Here is the Fortune 500, with after-tax profit listed. Hardly a loss in sight. Really, quite stunning how much of an exception a loss for the year has become. Only 3 companies out the Fortune 100: GM, McKesson, and Delphi.

http://money.cnn.com/magazines/fortune/fortune500/full_list/

This gives me a good idea for a blog post, by the way...

[MRT144]

trickle dooooooooown

[Jon Miller]

at some point all the corporate and capitalist bosses are going to go up against the wall

people won't put up with it forever

JM

[MRT144]

Originally posted by Jon Miller
at some point all the corporate and capitalist bosses are going to go up against the wall

people won't put up with it forever

JM

as long as there are dreamers out there they will. as long as people are marginally happier than others they will. as long as the capitalists control the guns and butter they will.

[Whoha]

Originally posted by pchang
How do I unbold this??

secret and arcane knowledge is required to accomplish this.

This trend is the result of the rising development in the rest of the world. No politician's economic policies are going to be able to alter this. Perhaps its time for those other 2/3's to value education a bit more.

lets wave a magic wand and make all these people "educated". the result would be?

There's not exactly a skilled labor shortage in this country as it stands, your anecdotal story aside.

[Dinner]

How do I unbold this??

Petition to get rid of OTBOT.

[Zkribbler]

Originally posted by Oerdin
These is true. They should sleep in the bed they made for themselves.

They didn't just make the bed for themselves...but for all of us.

[David Floyd]

Do you know what a token benefit is?

Hmmm...is that sort of like the minority gay female we hired the other day?

[One_more_turn]

Why high corporate profits will promote wage growth? Here is how it works:

high profits => attracts new competitions => increased corporate capital expenditures => new jobs and wage increases

There are industries out there with obscene high profit margins, mostly in semiconductor, software, internet, biotech, and some emerging new industries. You bet hordes of new startups and existing corporations looking for rooms to grow want a piece of the action, too. The result: these new comers are going to hire lots of people and buy tons of equipment. Even the existing players are going to defend their turfs with new hirings and investments.

Currently the hottest job market is in the energy field however. Traditionally, it has never been a high margin business, but the current energy supply shortage, coupled with massive retirements of existing labor force, will make this field the most attractive to job seekers for years to come.

GM is doomed, but Toyota is booming, and it's opening new plants across America. BMW is also investing heavily in this country.

The best way to look at next year's job picture is to find out how companies are forecasting their capital expenditures for the new year. This information can be found in their earning press release and conference calls.

Even with profit margins peaking or declining, there are plenty of industries that will benefit from rising wages and employment. Financials, retails, and consumer goods should be doing fine.

[Zkribbler]

Originally posted by One_more_turn
Why high corporate profits will promote wage growth? Here is how it works:

high profits => attracts new competitions => increased corporate capital expenditures => new jobs and wage increases

Or stated more precisely:

high profits -> buy out competition -> less competition
less competition -> rising prices + reduced quality
less competition -> laying off merged employees
less competition -> fewer alternatives to e'ees -> fewer raises + slashed benefits + longer hours

[Whoha]

Originally posted by One_more_turn
Why high corporate profits will promote wage growth?

companies do not raise wages out of the goodness of their hearts, they do so because of competition for workers, or the government forcing them to do so.

[GePap]

What is funny is how DanS claims higher corporite profits are good for workers, then posts an article form the WSJ saying that the high corporate profits are around because corporations have kept the money, instead of passing it on as wages, hence refuting his statement that high corporate profits mean good things for the little guy....

Nice self pwn there DanS...