Comment

Report: Recession Bottoming Out

85
princetrumpet9/21/2009 9:35:51 am PDT

I hope this is true. I’m in a business that depends on ticket sales and donations as well as corporate gifts. My question for the resident economics mavens is this:

Since my understanding is that many businesses are doing better because they’ve cut back on costs, duplication, and labor, what is the motivation for companies that have gone leaner to hire back those workers? Is that just something that will take a long time relative to what we seen this before, historically speaking?

I know everything goes in cycles but it seems as though we are looking at a more trim approach to doing business now.

Thanks.