Some pundits are already calling the the beginning of the end of the recession, including exhortations to aggressively buy into to the current (sort-of) rally in market. That may be good for investors willing to take on risk once again. Read more
The news yesterday that Chrysler was shutting down all of its U.S. factories for 30 days got me thinking about a larger question: Why is it that in a recessionary economy, employers primarily use layoffs to cut labor costs? Why don’t they look for alternatives?
By alternatives, I am referring to labor cost-cutting measures that allow employees to keep their jobs while lowering their costs of employment. Read more