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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 11:58 AM
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Employers Say Jobs Plan Won’t Lead to Hiring Spur
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Employers Say Jobs Plan Won’t Lead to Hiring Spur
By MOTOKO RICH
September 9, 2011

The dismal state of the economy is the main reason many companies are reluctant to hire workers, and few executives are saying that President Obama’s jobs plan — while welcome — will change their minds any time soon.

That sentiment was echoed across numerous industries by executives in companies big and small on Friday, underscoring the challenge for the Obama administration as it tries to encourage hiring and perk up the moribund economy.

As President Obama faced an uphill battle in Congress to win support even for portions of the plan, many employers dismissed the notion that any particular tax break or incentive would be persuasive. Instead, they said they tended to hire more workers or expand when the economy improved.

“You still need to have the business need to hire,” said Jeffery Braverman, owner of Nutsonline, an e-commerce company in Cranford, N.J., that sells nuts and dried fruit. While a $4,000 credit could offset the cost of the company’s lowest-cost health insurance plan, he said, it would not spur him to hire someone. “Business demand is what drives hiring,” he said.

Read the full article at:

http://www.nytimes.com/2011/09/10/business/economy/in-t...
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