03-20-2014, 11:01 PM
According to a new Business Roundtable survey of CEOs, while 72% of these leaders see an increase in sales in the next six months, only 37% expect to boost U.S. employment. The Daily Ticker spoke with Derek Thompson, a senior editor at The Atlantic, to find out why.
"Half the earnings in the S&P 500 come from overseas," says Thompson. "These are globalized companies ... so hiring where the sales are means not hiring in the U.S. Sales growth is in these emerging countries in Asia, in Latin America, even in places like Turkey."
CEOs are spending more this year but not on new workers. Why not? | Daily Ticker - Yahoo Finance