Friday, August 8, 2008

Job losses are behind retail profit fall

Retail sales were down for the last quarter. This reflects downturns in the labor market.

What many in the pro-business camp fail to realize about business, is that labor is the true fundamental for improved business.

Here's why: You can have all the capital in the world, but if you don't have labor and qualified labor to process that capital into products for the economy, then that capital is worthless.

There's been a false dichotomy for years in our political discourse. Your either pro-business OR pro-labor.

You cannot have business without labor. It's that simple.

Labor may need management, but it still remains the raw material upon which business much work.

I've said all that, to say this: Unless a concerted effort to buttress jobs (viz., Labor) occurs, business will continue to decline.

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