John Mcginnis on technology
From Manpower CEO: Not many green jobs · · CNN Business
“Technology has affected the labor force dramatically. The enhanced technology spend is all going towards efficiency and productivity, being able to do more with less. Companies have reported record profits but don't need to hire to previous levels, so people have to be used differently.”
On , John Mcginnis, Executive Vice President, Chief Financial Officer & Head of Investor Relations at MANPOWERGROUP, spoke about technology during Manpower CEO: Not many green jobs on CNN Business.
About John Mcginnis
In a 2011 interview, John McGinnis, then Executive Vice President, Chief Financial Officer, and Head of Investor Relations at ManpowerGroup, appeared alongside CEO Jeff Joerres. Joerres stated that companies were hiring but remained cautious due to insufficient demand for their products and services. He noted that nearly 60% of ManpowerGroup's growth came from manufacturing, with a shift into office administration as a second phase of recovery. Joerres described the available manufacturing jobs as "sophisticated manufacturing" requiring higher-level skills, rather than simple production work. Joerres also commented on government policy, saying that the private sector, not the government, must create jobs. He argued that cutting corporate tax rates without adding to the deficit would be the most effective step the administration could take. Regarding technology, he stated that increased spending on efficiency and productivity allowed companies to "do more with less," leading to record profits without a proportional increase in hiring. He added that green technology would not generate a large number of jobs in the near term.