by Wolf Richter
Part of the “unfortunate new normal.”
Corporate America has spoken again. The Business Roundtable, a lobbying group composed of the CEOs of the largest members of Corporate America, released its third quarter 2016 CEO Economic Outlook Survey today. And what it said about employment was ugly.
These companies matter in the US economy. They have combined global revenues of $7 trillion per year and a combined stock market capitalization of $7.9 trillion (that was probably before today’s selloff).