Small Businesses Aren’t Hiring, New Chamber Survey Says

Man, if only we could build some high speed rail, tackle patent reform, and do away with tax cuts for private jets, everything would be OK

The U.S. labor market could stay sluggish for a while, with small-business executives reluctant to hire amid the murky economic outlook.

Almost two-thirds—64%—of small-business executives surveyed said they weren’t expecting to add to their payrolls in the next year and another 12% planned to cut jobs, according to a U.S. Chamber of Commerce report to be released Monday. Just 19% said they would expand their work forces. (snip)

More than half of the small-business executives in the June 27-30 survey cited economic uncertainty as the main reason for holding back on hiring. About a third blamed lack of sales, while just 7% pointed to problems getting credit. (snip)

Many of the executives surveyed were gloomy about the economy’s prospects. About 41% see the business climate getting worse over the next two years, compared with 29% who expect the climate to improve.

But, hey, by all means, let’s raise the income tax on small business owners. That should help them hire, right? Perhaps a few more regulations and burdensome fees (such as with ObamaCare). And some more demagoguery for the people who help the economy go.

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2 Responses to “Small Businesses Aren’t Hiring, New Chamber Survey Says”

  1. Otis P. Driftwood says:

    I didn’t need a survey to tell me that. I found out first-hand 2 1/2 years ago when I got laid off.

  2. captainfish says:

    I’m shocked. SHOCKED. I tell ya. I thought the economy turned around 1 year ago during that last recovery summer.

    Not this one. The recovery summer before this one.

    Hmmmm. I don’t know Teach. I think it might be a good thing to raise taxes on these rich people in order to help them fund more hires. If they have more choices to spend their non-active cash reserves, they won’t spend it wisely. We were told this remember.

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