Will Business Improve As The Economy Improves?

By Rick Segel

Before we get too excited about this recovery that Wall Street is experiencing, let's look behind the curtain. Corporate profits are up because of what I refer to as The Technology Benefit. Because of computers, companies are able to do more business with fewer employees. They are also able to do more business with less physical space. More and more companies are closing regional sales offices, and even my company is made up of employees and associates in Salem, MA; Cleveland; Houston; Orlando, FL; Sacramento, CA; Burlington, VT; and even a resource from Madras, India.