The change partly reflects demographics but also government cost-cutting that has resulted in less generous pay and benefits, the New York Times reports.
Randstad, an HR firm, has a monthly Employee Confidence Index that started moving up three months ago. It hit 48 in November versus 45.6 the month before — not yet at the breakeven level of 50, but getting close. At the same time, Randstad says the percentage of U.S. workers who believe the economy is getting weaker fell below 50 percent in November, to 45 percent.
The Chairman of Harman International says, "Innovation is critical to the heartbeat of any successful corporation in the industrialized world. But competing in emerging markets where vast differences exist in per-capita incomes, infrastructure, customer preferences and environmental pressures, requires redefining the concept of innovation."