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So another angle on this that I've heard is one of increased efficiency. The economic downturn forced a lot of companies to get more done with less. Once the re

So another angle on this that I've heard is one of increased efficiency. The economic downturn forced a lot of companies to get more done with less. Once the revenue picks up again, the business realizes that they didn't need all those extra resources in the first place. That could mean they hire fewer employees. It could mean they hire less skilled employees. Admittedly speculation, I just wanted to throw it out there as an additional explanation.

tunesmith 13y ago
That's where my thought was going too. If profits are high while unemployment is also high, then it can't be that employers are far less socially responsible than they used to be. They were never that charitable about hiring workers to begin with. It must just be that they don't really need the workers.