In response to:

A Raw, Public Deal for American Worker

LtScrounge Wrote: Jan 29, 2013 9:56 AM
My question on this is, what is the cost of those 550 employees versus the amount of product that they produce? Are they production line workers on products that are not selling and are being eliminated as unprofitable? (The equivalent of a company going out of business.) Or are they excess office staff that can be replaced via an outside contractor at a fraction of the cost? I worked for an accountant that used a payroll service because it was more cost effective to have them do the paperwork than to do it ourselves. The question is WHY were those particular positions eliminated? Were they profitable positions, or unprofitable ones?
Kibitzer Wrote: Jan 29, 2013 2:16 PM
Put another way, were those 550 employees part of cost centers or profit centers?

Regardless of the recent pronouncements made by the U.S. Bureau of Labor Statistics (BLS), employment continues to decline. 

It’s no big secret, except to the politicians and the mainstream media, that day after day, discouraged job seekers give up their search and are thus not counted in the employment equation. 

From technology and overseas outsourcing to lack of job skills and legacy costs, there are a multitude of reasons that are responsible for this continual increase in joblessness.  However, perhaps becoming an even more dominant factor in the unemployment rate discussion these days,...