Business booming, no jobs - W.C. Varones

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6.04.2014

Business booming, no jobs

Believe it or not, Jim Cramer, the buffoon of CNBC's Mad Money afternoon stock market show for idiots, often carries on intelligent conversations in CNBC's morning hours.

Here's Cramer discussing why this morning's ADP payroll report was so bad despite business being good.



We've known about this phenomenon for years.

Two points:

1) Obamacare creates a strong incentive not to hire (remember incentives?)
2) Rise of the Machines

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