A majority of owners of midsized businesses in the Chicago area plan to expand in the next three months, but only a third say they will hire more workers in that time, according to a new survey. …
The most recent poll … found that nearly 60 percent of surveyed businesses planned to expand in the next six months. …At the same time, just 30 percent plan to add staff in the next three months. In the spring survey, 42 percent said they planned to hire soon.
Businesses are terrified of the government. So what do they do? More as slowly as possible. Hire as few as possible. Be as conservative as possible. Because the G is going to come and screw you up real bad at any minute.
Business are terrified of Obamacare. The costs associated with bringing on new people is dizzying. Hire someone today and down the road you may just have to fire them because their health care costs are out of control.
Running a business is hard. Really hard.
Any business that tells you that they”could use “help from the government” is so big that they are fully in bed with the government. Much like GE, or GM. Recall that GE paid no taxes on $14B in income in 2010. The GM fiasco speaks for itself.
The life blood of this country is in the small and medium sized businesses. Right now these businesses are sick and we’re not nurturing them the way we should. But they future is our future.
This country is heading in the wrong direction.
Jack Welch: The economy would need to be growing at breakneck speed for unemployment to drop to 7.8% from 8.3% in the course of two months.
Meanwhile, we’re told in the BLS report that in the months of August and September, federal, state and local governments added 602,000 workers to their payrolls, the largest two-month increase in more than 20 years. And the BLS tells us that, overall, 873,000 workers were added in September, the largest one-month increase since 1983, during the booming Reagan recovery.