When I saw people lining up at the store front in early hours to buy the gifts of their choices, I wondered if the U.S. economy is really as bad as we are led to believe. The tally on how much the consumers spent this holiday season is not yet known. But even with a near 9% unemployment rate, the US economy does seem to be heading towards the north. Otherwise, where are the hordes of Christmas shoppers coming from? I have also heard DisneyWorld had a busier than expected Christmas.
In addition to unruly shoppers and happy tourists, there are, indeed, other subtle signs of recovery on the dismal horizon.
The other encouraging trend is how American corporations were reinventing themselves over the past few years. Too-big-to-fail has become a cliche. Now instead of merging with or buying out competitors, through reorganization and divestiture, the size of the restructured American corporations has actually shrunk.
In the New Year, Kraft Inc., a processing food giant, will become two separate operating entities. We have all ridden on elevators made by Otis. Pretty soon Otis Elevator Company will have a new manufacturing plant in the States to replace the one it closes in Mexico. Furthermore, there are also other companies spinning off strategically incompatible products and services from their operation. So they can stay focused on their core business.
And all these organizational changes in corporate America create jobs. - Ayee
No comments:
Post a Comment