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Oh I agree that execs and politicians should be the first to take a pay-cut. My husband has been in the military for 9 years and is lucky to get his 2.3% payraise every year, while Congress makes darn sure they get their $200,000 BONUS every year...yet our service members are the ones taking bullets and in the grit of it everyday. Believe me, I'll be the first to say that our politicians for one are overpaid...and they aren't the only ones. Many of the truly important jobs are far underpaid. The point is though, many wages have been overinflated over the past decade because of greed or some misplaced feeling of entitlement and now unfortunately *everyone* is suffering the backlash of that.
IMO, 2009 is going to be very rough. I highly doubt that things will get better until 2010 or later.
Too many upheavals in the job market and financial institutions are going on these days. I saw on the news today where unemployment could get as high as 9%.
I am hoping that they do more to help the small business. Since the govt. and pols are put into office by the big corps and their contributions - I am thinking that small business is the way out of this mess. People just can't depend on the mega-corps to hire thousands of employees anymore. They are all going offshore as they are now courting offshore markets who have as much money as the u.s. did. The smaller businesses who hire like 20 employees may not have the benefits but they may in the near future, have the good jobs. I hope the govt. can help the small american businessman out - I think that would help.
The executives should be first in line to have their pay chopped down. They should sacrifice first since they are most likely to afford it versus the rank and file worker.
Quote:
Originally Posted by Booboy
Who wages should adjust ? Executives and politicians. I'm willing to take a pay freeze to get my company out of trouble if needed be.
Will the job market get better or worse in 2009 and will Unemp;oyment go up to 8%. I am on this new permanent job for 6 months and hate it, so I hope the job market gets better so I change as soon as possible.
Also Which profession is hit the hardest.
Democrat in office usually means more jobs, so we'll see.
-Mayor Daley says corporate leaders told him huge layoffs will impact the city this month and next, and into the new year. He also says city, county and state governments should be prepared for their revenue to fall dramatically because of the souring economy.
"This is going to be all year, so it's going to be a very frightening economy," Mayor Daley said. "Each one tells me what they're laying off, and they're going to double that next year. We're talking huge numbers of permanent layoffs for people in the economy. It's going to have a huge effect on all businesses."
The mayor said the gravity of the situation cannot be underestimated.
"I've been applying at millions of places, and it's just so hard to get a job. They're cutting hours like crazy – at McDonald's," said Ramona Patino.-
maybe a stimulus package will accelerate the job growth and make a 2009 job recovery
That $600 check didn't help too much, I just think it caused a bigger Fed debt problem.
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