Sure on its face doing more only to get less in return seems a bit -- well wrong or backwards. Maybe so that's just how it goes. Just ask the millions standing in the unemployment lines these days. Here at the Job Seeker Blog we haven't been shy in voice about the "reverse Robin Hood" situation. Perhaps the biggest issue with the job market today isn't so much of lack of demand (granted demand is lower but growth opportunity still exists) but more so that workers are getting more done. In short productivity levels are considerably higher. So if employees are getting more done with less people, why hire? There just simply is no incentive. Among other reasons for the stagnant unemployment rate include lower wages, automation and the global workforce.
Sure the studies show that the corporate gains from such measures hurts in the long run. Ok, so what -- who cares about the long run anyway. In the U.S. it's "quarter to quarter" baby! Make money now, duck the problems later when (not if) they come. The bottom line is that the unemployment rate isn't going downwards anytime soon because big corps are reaping huge profit margins. That of course means more money for special interest Washington lobbyist. A classic case of "bad is good." Deal with it.