Tuesday, July 12, 2011

Kathleen Madigan offers an important reminder

Over at the WSJ blog Real Time Economics (see here), Kathleen Madigan states:

For an individual company, keeping down labor costs is a smart move. But the U.S. economy as a whole suffers when weak labor markets hold back consumer spending. The same companies that are laying off workers today will soon wonder why they have no customers later on.

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