Word: businessese
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One of the most direct ways of improving employment, or improving unemployment, depending on how quickly people are being put out of work, is to give businesses direct financial incentives to hire.
The single most direct option is for the government to pay a portion of the salary of each net new employee a company hires. For the recently unemployed, this could be a boon for earlier reemployment. If a company could use new people for expansion but cannot afford them, having...
There are, of course, a number of reasons to object to sharing the cost of new employees at private enterprises. The system is subject to fraud. That is accurate, but if the IRS monitors the wages of the people being hired at least the government would have a reasonably accurate...
A large number of other industries are facing similar problems. The retail industry is the most obvious. Beyond that, airlines are back in trouble. All of the merger plans that carriers were looking at last summer can be dusted off. Traffic is falling sharply as consumers and businesses cut back...
Microsoft (MSFT) said its last quarter was bad, and looking out over the next six months, its businesses will probably deteriorate further. With sharp personnel cuts and the sale of its video game operation, the fortunes at the world's largest software company could rapidly change and the stock could...