Posted on 07/07/2012 12:45:35 AM PDT by thecodont
Behind the weak job growth numbers and the uncertainty about the economic recovery, small-business owners see shrinking consumer confidence sapping demand for their products and services.
Many small firms say they are barely staying afloat and won't hire until they see signs of more stability in the marketplace. That sentiment doesn't bode well for efforts to push the economy forward.
Small business, the conventional engine of job growth, has been particularly active in the last two years in driving the recovery from the Great Recession. But it may not be able to sustain its efforts.
"There is no reason for small businesses to do well in this environment," said Chris Christopher, senior principal economist at IHS Global Insight. "Most of the employment growth you see coming out of a recession is coming from small businesses, but employment growth is anemic and the reason is small businesses not hiring."
(Excerpt) Read more at latimes.com ...
Rebel Scum!
Its the small businesses that are the Rebels, refusing to be part of the Empire.
defying Obamataxcare, defying Obama himself.
To see for yourself how many NEW TAXES are in the Obamacare Bill, all one would have to do is look at the NEW IRS TAX FORMS that must be printing up as we speak!!!
Same here. I used to hire more people but instead I keep it bare bones and we put in overtime to get through the busy times. I know they won’t last.
‘No one is spending “disposable income”.’
I opened a small business in May. In general, the sales have been rising, well above the industry norm for rate of growth in a new shop. The week for the Fourth of July was horrible though. It really tanked. It took me a while to realize that people were NOT adding to their purchases near the holiday. Instead, they were saving up for that event.
I sure miss the Reagan era that the Voodoo Republicans say is gone, and worked hard to make go away.
The owner himself will shut down the office after he batches a load of concrete and takes a mixer truck out himself, often swapping with either me or the other driver, we then make the delivery and the owner takes the empty truck back in for another load.
A couple of years ago it was just me and him, his dad actually did the batching and the two of us delivered 67 yards of concrete by ourselves with just two trucks, we would switch places on the highway, I did the actual offloading, he just brought the loaded truck to me.
I am very tired, spent all day driving just to one job on the rough Alaska highway, normally we deliver in a ten or twenty mile circle, yesterday my delivery was 72 miles away, we were cheaper than our competitors in a long distance delivery it seems.
We’ve gone from 20 employees to 6, and I guess that tells you what has happened to our bottom line.
Most days I just ask myself why we keep doing it. Then I remember that we lost everything it took 20+ years to build and we need the income.
"There is no reason for small businesses to do well in this environment," said Chris Christopher, senior principal economist at IHS Global Insight. "Most of the employment growth you see coming out of a recession is coming from small businesses, but employment growth is anemic and the reason is small businesses not hiring."
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Is that engine getting fire? spark? air?
Does anyone look at cause and effect anymore?
No, they just 'report'...it's not running.
Small businesses are faltering on job creation
One monumental drawback is the health care cost mandate per employee.
Instead we are going in the opposite direction...we just opened the sewer valve to flush $100 billion for a choo-choo nobody needs and rationale people don't want.
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