Image of the day

Captured by
Byron Davies

NGC-7380

My Account

New to Astromart?

Register an account...

Need Help?

Re: Unemployment down further

Started by dbogan3220, 09/02/2005 04:31PM
Posted 09/02/2005 04:31PM Opening Post
Unemployment down. Are you really sure. In some area's its low in others nothing has changed much over the past 5 or 6 years. Remember those people who ran out of there unemployment insurance are not counted. Also you need to consider where would you go and what will you do if you get canned. Are you sure you would be making the kind of money that you once had. I know a lot of people who had to take as much as a 60% cut in wages from taking on their new job as a Wal mart greeter.

I might mention 30 years ago there was a massive recession in the United States, Phoenix Ariz was expecially hit hard. All the while the new media was reporting unemployment rates between 6 and 7 percent. Finally nearly 30 years after the fact after some digging and research the figures were in reality more like 20% unemployment for those years.

Getting back to the present those displaced workers are finding themselves out of work through outsourcing to foreign countries not becuase companies can get the work done cheaper more simply because they can. Those who are able to find work after running out of their unemployment benifits. Are able to find work but are making substatially less than where they were before also known as being underemployed.

I don't think for one moment think that things are getting better. You won't see me going out and purchasing any brand new cars or purchasing a new home anytime soon.

Clear Skies
Dwight L Bogan