Ateneo Professor on Entrepreneurship
Reposted from Moneynews May 3, 2013 by Dan Weil
Ronald Perelman, a billionaire, noted for his Revlon, said that business will grow stronger, thanks to cost reduction, but that is not necessarily good for employment and job generation. Thus corporate profits do not necesarily translate into employment opportunities.
That must be made clear to economists - a strong stock market does not mean more jobs.
Reposted from Moneynews May 3, 2013 by Dan Weil
Ronald Perelman, a billionaire, noted for his Revlon, said that business will grow stronger, thanks to cost reduction, but that is not necessarily good for employment and job generation. Thus corporate profits do not necesarily translate into employment opportunities.
That must be made clear to economists - a strong stock market does not mean more jobs.
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