Corporate Efficiency Is Getting Absurd

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Monday, August 29, 2011 Corporate Efficiency Is Getting Absurd U.S. corporate profits and efficiency are getting absurd. On Friday we saw record quarterly profits of $1,450 billion, making up a record share of GDP at 10.1%. We're also at record corporate efficiency of $15,278.72 -- up 22.3% from last year -- according to Sageworks Inc. That last one says it all. Rampant job cuts and salary cuts, with new responsibilities for old workers, during the recession turned corporations into profit-making machines. Stimulative policies from the government and the Federal Reserve helped plenty. New technology also helps with efficiency. Unfortunately, there are no signs that corporations are turning revenue into jobs. Read » Also On Money Game Today: The 10 Worst Central Bankers In The World Trichet, Junker And Rehn Strike Cautious Note At Parliamentary Meeting Another Week Of Uncertainty: Germany Delays EFSF Vote MONEY GAME TIP OF THE DAY: Commodities Offer Very Poor Real Returns Advertisement CHART OF THE DAY: The CPI-Adjusted GDP Growth Rate Was Stunningly Low CHART OF THE DAY: The CBO's Laughably Optimistic Unemployment Projections CHART OF THE DAY: S&P 500 Correlations Hit Record As Stocks Move En Masse Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.wyldside@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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