Tag Archive | "Jobs"

850 more jobs going

General Mills employs about 35,000 people and 5,500 of those are in Minnesota. They have announced they are cutting 850 jobs and half of those cuts are going to be from the Twin Cities operation.

Sales for General Mills have increased 13% while the company has increased prices in an effort to keep up with rising inflation. CEO Ken Powell says this is the highest rate it has been in 30 years.

But even with the increased revenue, profits fell a bit due to the higher commodity costs.

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MN employment

According to a headline in todays Star Trib, 125 MN businesses received govt money to create jobs, but failed to create the expected MN employment. Just a quick rundown of the MN empolyment numbers: – over a five year period (’04-’09) 650 deals that gave companies tax breaks, grants or low interest loans. 125 of those companies fell short of delivering the expected jobs.

The conclusion the author seems to come to is that the results show the limitations of government programs to spur business and jobs – and he throws in a “economists say” to make it all so authentic.  (Not sure which economists say this as he doesnt provide any details).

But I think a clue as to what may account for these limitations is found further on in the article.

“Like Minnesota, most states have no policy on how best to spend economic development dollars” … “It’s frighteningly common, in fact” and the telling quote… “It often amounts to political pork being doled out on a geographic or political basis rather than on a strategic basis.”

And that to me says it all – it is not so much a demonstration of the limitations of government to help spur MN employment, as it is limitaions of BAD government. If across these great United States we could get our leaders to reduce the influence of that Political Pork being doled out on that Political Basis, I think our governments would surely be more efficient and more of the citizens would benifit.

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