Employment lags as companies add equipment and software

01/17/2012 | Wall Street Journal, The

A tax break last year that allowed companies to write off 100% of capital investment in the first year had the unintended consequence of causing many companies to delay hiring. Historically low interest rates to finance equipment purchases also fueled this trend. In general, since 2009, equipment and software spending has increased 31%, adjusted for inflation. At the same time, companies realized they could do more with fewer employees.

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Wall Street Journal, The

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