Ethan Harris Quotes
You're going to see continued cost discipline. So when growth comes it won't be spent on things like wage increases, but will flow to the bottom line.
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Continued | Cost | Discipline | Growth | Spent |
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We are obviously experiencing slower growth and the payroll numbers don't really reflect that yet, which is why they will be an important indicator. Companies have been cutting back the number of hours their workers put in and in some cases cutting back their workforce altogether, and that is what people will be looking for in the numbers.
- Ethan Harris
