In these tough Economic times... (salary, professionals, move)
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...Has anyone been laid off from your job or anyone been laid off that you personally know of for that matter?
My father who works for JP Morgan Chase spoke of it saying "I might not have a job next year (said it in December, meaning 09). A few of my friends have complained but that's about it. I have heard that 2.5million Americans have lost jobs so far. When will the bleeding stop?
...Has anyone been laid off from your job or anyone been laid off that you personally know of for that matter?
My father who works for JP Morgan Chase spoke of it saying "I might not have a job next year (said it in December, meaning 09). A few of my friends have complained but that's about it. I have heard that 2.5million Americans have lost jobs so far. When will the bleeding stop?
I believe that the axe has much more chopping to do before we can rise from the ashes. Grim but necessary.
I know several people who have been laid off. I work in the IT staffing industry, so I am seeing more and more IT professionals laid off/fired. Business was extremely slow over the fall--in September it came to a crashing hault. Oct/Nov/Dec were absolutely the worst this company has seen (my company). This month has seen some uptick in job activity, and I do have several interviews slated for next week for my candidates. A good sign. But I do think most of 2009 will be much more challenging than recent past years.
Cut more jobs, trim budgets to the leanest possible, continue financial sector bailout plan approved by Congress.
Cut more jobs while putting money into the pockets of bankers. Sorry, I don't agree with your solution.
Banks will simply move money on their balance sheets. These people have been raised and educated on greed, and in 5 years you will hear how badly the taxpayer was hosed by bankers (whose dishonesty and greed got us into this situation in the first place). No institution that raises a salary by a cent or gives any bonus should be getting one penny of taxpayer money.
I do agree that the economy needs to contract to where it should be, but the people who made the biggest killings over the last 30 years should not be the ones receiving any help.
Cut more jobs while putting money into the pockets of bankers. Sorry, I don't agree with your solution.
Banks will simply move money on their balance sheets. These people have been raised and educated on greed, and in 5 years you will hear how badly the taxpayer was hosed by bankers (whose dishonesty and greed got us into this situation in the first place). No institution that raises a salary by a cent or gives any bonus should be getting one penny of taxpayer money.
I do agree that the economy needs to contract to where it should be, but the people who made the biggest killings over the last 30 years should not be the ones receiving any help.
Interesting analysis and I agree with some of your points.
I think that the second half of the stimulus package was green-lighted last week to go through Congress, so it's due to be released.
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