Tuesday July 6, 2010
Employers are deciding that employees are an expensive liability. We study current liabilities in Intermed II Accounting. As you will see, there are more and more taxes s this article explains. The result is that jobs go elsewhere, or people are simply not hired. There have been recent moves of business to San Antonio from high tax states like California, this is the reason. There are now more Fortune 500 companies headquartered in Texas than in New York, again there is a reason. This is a big change in my lifetime and I see it continuing.
I suggest that you pay attention during cost managerial as we discuss understanding break even and target profit. What if no one is hiring when you graduate, will you have the tools to succeed on your own?
Professor Elam 
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