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The Great MSP Margin Call: A Staffing Industry Reality Check

Posted by Sunil Bagai on Nov 5, 2015 12:50:46 PM

A strong middle class is critical to economic success. It’s what set America apart back in the day. It’s what led to a robust infrastructure, educational system, entrepreneurism, thriving industry and consumer spending. Rampant income inequality, on the other hand, sparked the Great Recession. Credit Suisse just released its annual global wealth report, and it seems to signal peril for the middle class. According to the latest Social Security Administration figures, more than half of all U.S. workers (51 percent) earn less than $30,000 a year. Young people today – those with the technological skills employers desperately need to remain competitive and innovative – are also feeling the sting of the global economic crisis. In fact, they’re four-times more likely to be unemployed. A third of them aren’t even participating in the job market, as indicated by research from the Solutions for Youth Employment Coalition.

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Tags: MSP/VMS, Performance, Staffing Professionals, Staffing Suppliers

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