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It's different this time folks. It's not like any previous recession we've lived through.
Today you have both bankers and carpenters both lining up for that Wallymart cashier job.
In the past, companies did fire folks but they didn't offshore the work. The company cut back, cut the dividend, reduced production for a while. These layed off workers did side jobs and freelance work in more affluent neighborhoods (where the bankers lived) while they waited it out.
I had an uncle that did that.
This time though, companies are not slashing dividends, not to a great extent that I see and the jobs that can be offshored are. Other companies are just going bankrupt.
Big names are gone folks in all areas of the economy. This is affecting jobs in all industries.
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I remember hearing the family talk about the many times that my grandparents had to move to Pennsylvania and even Canada when the coal
mines shut down. Today, there are few places for laid-off workers to begin again. I see posters (who are employed) saying, "Get a job!" to others, and I always wonder where that job is. As you say, all industries are affected;
eventually many of those now denigrating others will find themselves without employment as well. I fear that the future will mimic The Grapes of
Wrath for quite some time, but without a place like California for salvation. I heard an economist say that America will never again know the level of affluence that we enjoyed in the past 2 decades; we'll have to learn to be less materialistic. But the job outsourcing should be illegal; if money is more
important than the welfare of the country that you claim as your own, you
don't deserve to live here and enjoy her freedoms.
What's your point? America provides people with the tools and freedom to succeed, and part of that freedom is the freedom to fail. If you don't save and plan for your own financial future, and you get caught flatfooted as these people in the article appear to have been, then that's not my fault or the government's fault or the system's fault. That's the person's fault who failed to plan.
BTW....with your sarcastic anti-American tone you appear to be saying the US isn't the greatest nation on earth. If so, then what is? If the US is so terrible, then maybe these millions of people who come here year after year, many illegally, could just divert to this better place that you know about. Please share.
Anti-American tone?
I thought that's what you have; you hate liberals, etc.
The US is not the greatest country on earth. Its citizen think so, but I never see it ranking at the top of the list except for:
https://www.cia.gov/library/publications/the-world-factbook/geos/US.html (broken link)
Look about 1/2 way down the page and see where the US really is.
Look at infant mortality rate; highest in the industrialized nations.
There are countries that provide health care and housing for all of its citizenry.
Your argument is trite.
An in depth look at your debt.
Do all you can to get out of it.
Find a cheap place to live, strip down to the bones. I think it will get worse, worry about the ones with small children.
It's frustrating to me to see these people living in tents, when so many people across America are taking advantage of Section 8. These people deserve the money.
I'm talking about the people who worked and lost their jobs and homes.
These people payed their taxes and now they don't have anything to show for it!
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Yeah...unless you ask us to help out other Americans who are less fortunate. The OP is right on...a family member recently had a quadruple bypass surgery. She's worked as a nurse for almost 40 years, her husband (a vet who flew jets in Viet Nam) held down two jobs for at least 20 of the almost 40 years, and this is going to make a major dent in their lives, even though they had obviously worked hard, paid extra for good insurance, and had (they thought) plenty of money saved. The surgery was $250,000. It doesn't take much to change your life forever. The idea that we're seeing "tent cities" again is infuriating; those CEOs who ruined businesses yet left with hefty retirements and "golden parachutes" should be found and left with one home, 2 cars and a million bucks...and be grateful that they aren't in prison or living in a "Bush Burb," and have the rest be confiscated to help the economy. It isn't like they earned the money.
The idea.
Not reality.
Go see the 'Bush burbs' for yourself.
No one like those folks there.
Could you tell me what the people in the article did wrong???
I'm not saying that anyone did anything "wrong" but there are a few examples of people who apparently failed to plan. The article relates the stories of people who made "good incomes" and got buyout packages, but still they find themselves in a state of woe.
I have 2 years of expenses in the bank to protect my family. Plus I got an education and built up a network of people that I can lean on if things get tough. Most of the people in the article don't appear to have done any of that to be so broke that they find themselves being foreclosed upon and living in a tent.
I'm sympathetic to their stories, but for the most part they can be summed up as people who thought the good times would never end, and they made no plans for that rainy day....and now it's pouring.
Could you tell me what the people in the article did wrong???
if he was in the building industry, he sat back while our elected government officials allowed millions of illegal immigrants into this country to take his livelihood away from him...... liberals are still talking about legalizing illegal immigrants even with stories like this one out there.
people need to tell the government that they need to protect american workers, not sell them out with importation of cheap labor and exportation of good jobs!
Why don't we use those FEMA trailers from Katrina?
Oh wait, they are still being used, never mind.
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so no point asking them....
So sad!
