A recent study suggests retailers can increase yearly takings by almost $100 000 by employing people whose ethnicity reflects the local community. The study by Temple University, Rutgers, and Davidson College studied the theory at over seven hundred JC Penny stores. The extra take averages out to $630 per employee (wonder if they received any of it) and brought the company $69 million a year. Altruism is a wonderful thing, especially when it brings in millions.
A recent Toronto Star article divulged some interesting facts about the rise and fall of the 'Celtic Tiger', commonly known as Ireland, that spent the 1990s enjoying unprecedented economic growth. Housing prices quadrupled and unemployment fell from 17% to 4% and 'plasterers were making 2 000 Euros ($2 666 Canadian) a week and spending 200 Euros on a pair of pants'. In 2007, the housing bubble burst and the Bank of Ireland's stock plunged 75% in one year. Now Ireland has an official unemployment of 14%. No matter how well things go in the boom, the bust will follow and the bubble will burst. There is no security for the worker in capitalism. John Ayers
A recent Toronto Star article divulged some interesting facts about the rise and fall of the 'Celtic Tiger', commonly known as Ireland, that spent the 1990s enjoying unprecedented economic growth. Housing prices quadrupled and unemployment fell from 17% to 4% and 'plasterers were making 2 000 Euros ($2 666 Canadian) a week and spending 200 Euros on a pair of pants'. In 2007, the housing bubble burst and the Bank of Ireland's stock plunged 75% in one year. Now Ireland has an official unemployment of 14%. No matter how well things go in the boom, the bust will follow and the bubble will burst. There is no security for the worker in capitalism. John Ayers
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