Magazine article Workforce Management

Work in Progress: TOO MUCH WHINING ABOUT OBAMA PLAN

Magazine article Workforce Management

Work in Progress: TOO MUCH WHINING ABOUT OBAMA PLAN

Article excerpt

A RECENT STORY on business skepticism about President Barack Obama's job plan struck me for the way companies came across as whiny.

In the article, a variety of business leaders pooh-poohed the president's plan as unlikely to boost their hiring. Jeffery Braverman, owner of an e-commerce company that sells nuts and dried fruit, told the New York Times that the plan's proposed $4,000 credit for hiring the long-term unemployed would not spur him to hire.

Perhaps the demand for Braverman's dried fruit and nuts is drooping. But overall, business demand in the U.S. has been inching up in recent quarters. And corporate profits have been climbing. Profits from current production increased $57 billion in the second quarter, on top of a $19 billion increase in the first quarter.

In many cases, the revenue and earnings growth have been coming at the expense of workers. Workers who are stressed as they shoulder heavier loads.

In this context, dismissing Obama's plan--which includes cutting in half the taxes paid by businesses on their first $5 million in payroll and eliminating payroll taxes for firms that increase their payroll by adding new workers--amounts to unseemly griping. …

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