On the recordSeptember 10, 2012
This past week I had an opportunity to visit a business in Colorado, a manufacturing business in Colorado. It's a multi- generation family business that was started by this gentleman's dad 50 years ago. He's actually retiring from the business, and his son is going to take over the business, third generation, a manufacturing business in Denver. They've got around 300 employees, spread out in the western United States region. I asked him, I said, you know the past couple of years are you doing better now than you were then? His answer was no on any level. If you ask him about what his bottom line is, his company's profits? No, they're not better off than they were. If you ask them about the number of employees he has? No, they're not better off. In fact, they've struggled to try to make sure that they are able to keep the employees that they have been able to keep. This is something else that goes unreported, that work, that employee who is usually working a 40-hour work week or maybe a little bit more is now working a 30-hour work week or a 32-hour work week, because as an employer he feels the opportunity to try to do everything he can to keep these employees working, to keep their families with a job in the household. In order to do that, because their business is down, because their sales are down, they've actually now found themselves in situations where they are reducing hours, which means less take-home pay.…





