Are job creators actually creating jobs? Econ prof: Not now - DC News FOX 5 DC WTTG

Are job creators actually creating jobs? Econ prof: Not now

Posted: Updated:

It's not very easy to just go out and get a job these days -- but is that the fault of the American worker or the executive? FOX 9 News spoke with Augsburg College economics professor Ed Lotterman, who says the blame rests with those at the top of the professional ladder.

Watch the video for more information.

Many of the nation's largest public companies are looking at a third year of record profits, but millions of people are still looking for work -- and salaries aren't even close to moving forward at the pace corporate profits do.

It seems that most "job creators" aren't interested in hiring more people when they are making record-profits operating at the current level they are operating at. Companies have found a way to operate with less and make more.

Why would a small business, or even a large corporation, add payroll and decrease profits when they are performing well as it is? The number one job for CEO's and executives is to make a return for their investors. It's not to add workers and "help" the US economy.

Meanwhile, politicians talk all the time about job creation, but do they really have anything to do with whether or not a business owner is going to hire more people in 2013?

Powered by WorldNow
Untitled

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices