@HungryGuy
But wait a second. Although there may not be enough hours available to work, the reason for that is because we’re not producing enough product that people want. Not only has the US lost production to foreign manufacturing, but the products that we still do produce are a bunch of crap. Nobody wants to buy American except foreigners looking to get a vibe of Americana exotica… read Levi’s, Harley’s and vintage American muscle cars.
I count the cars in my neighborhood. 90% are foreign. US autos have earned the stigma of lower class. Count the products in your home. How many are made in the US? I own a GE television. My friends laugh at me because they’ve never heard of such a thing. Good thing I never watch it anyway.
If we actually made something that people felt confident in purchasing, there would be plenty of jobs with gobs of overtime hours available to those who would take them. But because we’d still have to compete with the cheap foreign manufacturing labor, it’s a no win unless US workers concede to lowering their living standards to the degree of Mexican, Chinese, and Indian laborers.
HOW UTTERLY FOOLISH that our government didn’t infuse the common man with that bailout money. They could have easily made it mandatory to pay off credit card debt. And the entrepreneur would have flourished creating new contemporary job models.
OR, they should have taken that cash and granted each state the ability to improve their infrastructures. We certainly need that as our country is literally falling apart. New jobs, good jobs, with a fabulous incentive for big business manufacturing to return to the US.
A new business model is the only thing that will save the US economy and create jobs. The old way of doing things is o-v-e-r. The new model will arise, but I fear it will not be developed or accepted for many years to come. Best to cut expenses everywhere we can.
And companies are feeling the pressure too. I just switched my car insurance. 30 years with AllState without a single claim, and they refused to lower my rate. AAA gave me a new policy for less than half the price. And since I never ever use my home phone line, I decided to cancel it, keeping only the DSL. It was an extra $50 per month for a phone that never gets used. Kudos to ATT though. Believe it or not, they actually put me in touch with a customer retention representative who worked it out so that I only paid $10 extra for the phone line. Yep, they knocked off $40 per month just to keep me as a customer.
Everyone is feeling the heat. But there are shortcuts that can be taken which make a difference right now.