Sallow
The Big Bad Wolf.
- Thread starter
- #21
I hope you are right as my daughter hates her job and I would like to see her find another.
Companies have been holding cash for a while now and without demand, there is no need to hire. They are making a profit without new employees. Other bad signs for the economy are:
-the downward adjusted housing numbers
-paltry GDP numbers
-real unemployment rate
Good news though include:
-consumer confidence is up
-durable goods numbers up
What this great country needs now is the two sides to stop pushing agenda items and start making decisions that make economical sense.
Your daughter should start looking now. Tell her to get a good resume together and start submitting them online. Having a job is easier then not having one when looking. Employers like hiring people away from other firms. First..it's almost a seamless transition and second, if it's a rival then all the better.
And the "profits" they are making are accounting tricks. It doesn't last forever. And really, it's them that started the loss of demand. For two reasons. They wanted to cut high labor costs by hiring overseas and creating a glut of people looking for work. Initially layoffs had nothing to do with loss of demand. It was "synergy". Eventually..that's what started to happen, because UE got so high. But now..even the Chinese factories are in trouble because people are not buying their cheap crap.
Thus, people are starting to look for government solutions to the problem. And quite frankly, alot of things need to be done. Infrastructure, implementing new tech like cloud and IPv6, and high speed rail. However..that could tighten the high tech/engineer market again. Which would be bad for alot of these companies. Which is one reason I think a hiring boom will happen. What better time to snap up well trained peeps who've been out of work for awhile. And they get them on the cheap, while looking like "heroes".
In other words - Sallow is hoping for another mass bailout and enormous government spending. But no worries...Obama wants to cut 3 $trillion out of the deficit in 10 years (which will of course increase the deficit not decrease it)
Actually..some states are doing what the Fed won't..and adding Stimulus. New York State just wrapped up a huge deal with Cornell..
Pictures of proposed Cornell Technion NYC engineering school
And Cuomo kiboshed the idea of killing the millionaire's tax in favor of putting together a package of infrastructure projects. And walking around the city you can see construction is booming.