As unemployment stubbornly remains above 9 percent, there are increasing calls for businesses to invest more and create more jobs. After all, corporate profits have recovered since the depth of the recession that began in 2008. Typically, by this stage of a recovery, job growth has accelerated and unemployment has started to fall more substantially than is currently the case.
Increasingly, people look to businesses and ask us why things appear to be different this time. The answer is complex but important, both for the companies we serve and for the country as a whole.