If you want a sense of where the nation’s job market is headed, a good place to stand is inside the half-mile-long Skechers warehouse in Moreno Valley, California, where box after box of shoes is stacked upon row after row of shelving, which soars some 40 feet in the air. Physically, the place is a wonder—quiet, sleek, and environmentally friendly (at 1.8 million square feet, it’s the largest officially certified “LEED Gold” building in the country). But what’s most remarkable about the $250 million structure, which opened in 2011, is how few people work there.
It's tough to imagine what Gen. Harrison Gray Otis -- the bellicose press baron with the steely gaze and a speaking voice once likened to "that of a game warden roaring at seal poachers" -- would make of his family's recent decision to sever the last of its ties with the Los Angeles Times.
The 19th-century publisher, were he looking down upon this vale, couldn't be too happy that his descendants have walked away from the paper he built. At the same time, Otis was a savvy enough businessman that he might at least take some pleasure from the terms of their exit: When all is said and done, his scions will have pocketed about $3.5 billion from their sale of parent Times Mirror Company to Tribune Company.