Thursday, March 07, 2013


"The good news: between 2005 and 2012, United Technologies saw its profits increase by thirty-five per cent.

"The bad news: between 2005 and 2012, United Technologies hired a net total of zero workers. Last month, four days after the price of its shares passed a record high of ninety dollars, the company announced that it would eliminate three thousand employees, after having let go four thousand in 2012."

The rest of the New Yorker comment piece here.

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