[quote=UCGal][quote=pri_dk][quote=CA renter]Hogwash. Most of the richest people today do nothing to increase domestic production or create jobs.[/quote]
Funny, I found the facts that demonstrate how wrong you are on Google, using a Dell computer running a Microsoft OS.
Now I’m off to Wal Mart, where I can buy tonight’s dinner for my family for under $10…[/quote]
Hmmm – most of those companies haven’t added significantly to US jobs, once you account for acquisitions.
I just dove through the 10-k filings for 2009-2011 to see the employee head counts.
Microsoft has lost 2000 jobs in the US since end of FY2009
Google added just under 5000 jobs between FY2009 and FY2010 (10k for FY2011 not out yet). I assume some of the headcount is due to the acquisitions they made in that time frame. (http://en.wikipedia.org/wiki/List_of_acquisitions_by_Google)
Dell gained 24,400 employees between FY2009 and FY2011 – but 23,800 were from the acquisition of Perot. And when you do the math on domestic employees, they’ve “gained” 7000 employees domestically, but most of the Perot employees were domestic – so domestically they’ve shed jobs.
One more thing on Dell – if you look at their 2008 employment (88,200) and add in the Perot jobs, they’re down 8700 jobs.
Walmart has stayed flat domestically and internationally on employment for the past 3 years. 2.1M employees worldwide, 1.4 here in the US. And they talk of the high percentage of part time workers, and high turnover of employeees in their 10-K’s.
I wouldn’t hold those companies’ CEOs out as shining examples of rich CEOs hiring lots of US workers. The data doesn’t show it.
Company CEOs look at employee headcount as an expense. They don’t want to ADD expenses, they want to CUT expenses.[/quote]
