Yakkstr

Man vs Machine

"Since the recession ended, businesses had increased their real spending on equipment and software by a strong 26%, while they have added almost nothing to their payrolls.

In August, new orders and shipments of “capex goods” — defined as nondefense capital goods excluding aircraft — increased by 1.1% and 2.8%, respectively. In the same month, private payrolls (adjusted for the Verizon strike) edged up a mere 62,000.

For all the talk of uncertainty, the increase in orders is a sign that companies are optimistic about the future. After all, no executive would expand production facilities if he or she thought customer demand was about to stagnate."

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d6fer said over 2 years ago ...

The recession ended?

reckoner said over 2 years ago ...

Yeah, corporations are doing great.

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reckoner commented about 22 hours ago on
A Rising Tide Lifts Some Boats
there are 2 ways this can go. 1) it keeps getting worse until it starts something like another red scare. Remember, the great depression lead to a lot of good things because regular people started getting serious about doing something. 2) it stops read the rest
reckoner commented 4 days ago on
Cocoon
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reckoner commented 8 days ago on
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reckoner commented 8 days ago on
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reckoner commented 8 days ago on
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