The new criteria is the corporate 'bottom line'
Last updated 3/15/2007 at Noon
It’s all in your point of view. Recent reports show 13,000 manufacturing jobs eliminated at Chrysler. Factory output at a 17-month low! But in the same week, the stock market rose to a new high!
What does it mean? Is there a connection? Affluent retirees in North County with solid pensions and a large stake in the market for additional income think it’s just dandy. But what of the factory worker who has just lost his job and the important health and retirement benefits that went with it? Is he happy? Hardly!
There was a time when we judged the economy by the number of middle class wor...