Recently I noticed on various websites that bring up the economy and the jobless rate for the United States. For the most part everyone is in agreement that we are not coming out of the recession as quickly as people would love especially the politicians who have put their necks out with making promised that it looks like they cannot keep.
This is due to the fact that on many websites it is coming out that there are companies some of them large international ones that have started screening the resumes to see who is currently employed. If they find a resume where they show that the individual is not currently employed, then they disregard that individual resume in favor of one who is actively trying to do a lateral move or advance their career while still currently employed.
Where it is the individual company's prerogative to hire who they want, then I would suggest that the unemployed use the same mentality against those companies who are starting to say "unemployed need not apply" and boycott those companies when and where ever possible in an attempt to say to those companies, "If I'm not worth your company's time, then your product is not worth my time".
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Sunday, November 21, 2010
Saturday, January 31, 2009
the economy and jobs
with the way the economy is going it looks like even with the newest stimulus package it will not stop the economy from dictating that fewer employees are needed in many area's at least in the short term. when the job market starts heating up again many of the jobs that once had a high rate of pay to begin with, will undoubtedly have a lower base pay to start than just a year or two ago. this will mean that even though someone finds a new job, they may not be out of their financial troubles due to what they are use to in terms of living standards and what they have to deal with prior financial obligations that they would still be required to live up too. this will most likely cause just as many problems as the person being on unemployment if not worsen their problems.
Monday, October 13, 2008
pork barrel politics
the people who have the ability to do something to help the economy and the environment are all saying that we should to this or we should do that. Unfortunately, none of these people want to actually sit down and work with each other due to the mentality of "what is in it for me".
that mentality has slowed down any real attempt at helping those who would have the most to gain from people sorting things out, which only compounds the problem in the long run due to having to add pork barrel items to the solution that has nothing to do with fixing the problem only to have to deal with any ill effects of those pork barrel items at a later date if it is shown that those items just compound a problem elsewhere.
what is needed is someone standing up to those who really enjoy adding pork barrel items and stating that they have no business there if they need to paid with pork barrel items to do what they know to be right by their constituents.
there is a time and place for adding pork barrel political items. they tend to show up in area's where they have no business being in due to people trying to quietly attaching them to things that they do not relate to, just so they can pacify a persons friends or people trying to influence them in some way.
this has been shown with both the environment and the economy. If you look at the bail out of Wall Street, a few hundred million dollar if not a few billion dollars in pork barrel items had to be added to get the needed votes to pass congress. With the environment it has been shown that for many people with influence don't care about it due to wanting to go into areas that are protected to make money stripping the environment in some way to get the product that they are looking for with no real plan to protect the environment from the ill effects caused by the process of extraction. it also has been shown that these same people are catered too by not enforcing different laws that pertain to what they are doing or burying bills that would effect those people.
that mentality has slowed down any real attempt at helping those who would have the most to gain from people sorting things out, which only compounds the problem in the long run due to having to add pork barrel items to the solution that has nothing to do with fixing the problem only to have to deal with any ill effects of those pork barrel items at a later date if it is shown that those items just compound a problem elsewhere.
what is needed is someone standing up to those who really enjoy adding pork barrel items and stating that they have no business there if they need to paid with pork barrel items to do what they know to be right by their constituents.
there is a time and place for adding pork barrel political items. they tend to show up in area's where they have no business being in due to people trying to quietly attaching them to things that they do not relate to, just so they can pacify a persons friends or people trying to influence them in some way.
this has been shown with both the environment and the economy. If you look at the bail out of Wall Street, a few hundred million dollar if not a few billion dollars in pork barrel items had to be added to get the needed votes to pass congress. With the environment it has been shown that for many people with influence don't care about it due to wanting to go into areas that are protected to make money stripping the environment in some way to get the product that they are looking for with no real plan to protect the environment from the ill effects caused by the process of extraction. it also has been shown that these same people are catered too by not enforcing different laws that pertain to what they are doing or burying bills that would effect those people.
Monday, August 11, 2008
new job
after almost four and a half months and some ups and downs with regards to my needed job search I finally found a job and I hope that it lasts for a good long while so I don't have to worry about the job market especially with the way the economy has been going in recent months.
Monday, July 21, 2008
the economy
With the housing correction and the rising oil prices everyone that has influence over different aspects of the economy have speculated on the different ways we can remedy the short comings that have been made evident when the housing correction and rising oil prices collided.
The economists would prefer a quick fix or the band aid effect when it comes the economy, but the one real problem is that there is no one specific remedy that can cover every aspect of the economy. The one real remedy is something that has aspects that relate specifically to the different aspects of the economy that can be dealt with independently rather than a blanket plan that cover all of the economy.
When the housing correction and rising oil prices hit independent of each other they adversely effected the economy negatively which shows that there is no such thing as a blanket plan when it comes to the economy. Any real plan has to be able to deal with each factor that makes up the economy so it can be corrected as needed to keep the other aspect of the economy in check so there is a lesser effect on the economy than when the housing correction and rising oil prices happened.
Every one of the people who are capable of understanding the data all has their own versions of what should be done and what should not be done. There lies the problem, what is the wrong thing to do in one person’s version may be something right in another persons version, this is due to the interpretation of the available data that they both read. With the wording in the media it sounds like they are not looking at the specifics of their plans that would cause reactions in other areas of the economy that the economists don’t feel are related to what is involved with fixing what went wrong.
We need to look at the economy not as one specific entity we have to look at all of the parts of the economy to understand how one aspect of the economy will affect another aspect whether directly or indirectly through another aspect. Without a plan to deal with each part of the economy individually we cannot hope to actually deal with the economy as a whole which means that everything that happens that can go from the top down with regards to the economy will continue to affect various aspects of the economy with no real idea as to what direction it will take or what should be done with the problem.
Regardless of what is done it will not be as quick or as palatable as people would like but it has to be done without regard to who wants what and when. By allowing interference in any real remedy, the remedy will never fully take hold and will not be adequate.
The real question is; are those who can put the plan in place willing to do what is needed when needed?
The economists would prefer a quick fix or the band aid effect when it comes the economy, but the one real problem is that there is no one specific remedy that can cover every aspect of the economy. The one real remedy is something that has aspects that relate specifically to the different aspects of the economy that can be dealt with independently rather than a blanket plan that cover all of the economy.
When the housing correction and rising oil prices hit independent of each other they adversely effected the economy negatively which shows that there is no such thing as a blanket plan when it comes to the economy. Any real plan has to be able to deal with each factor that makes up the economy so it can be corrected as needed to keep the other aspect of the economy in check so there is a lesser effect on the economy than when the housing correction and rising oil prices happened.
Every one of the people who are capable of understanding the data all has their own versions of what should be done and what should not be done. There lies the problem, what is the wrong thing to do in one person’s version may be something right in another persons version, this is due to the interpretation of the available data that they both read. With the wording in the media it sounds like they are not looking at the specifics of their plans that would cause reactions in other areas of the economy that the economists don’t feel are related to what is involved with fixing what went wrong.
We need to look at the economy not as one specific entity we have to look at all of the parts of the economy to understand how one aspect of the economy will affect another aspect whether directly or indirectly through another aspect. Without a plan to deal with each part of the economy individually we cannot hope to actually deal with the economy as a whole which means that everything that happens that can go from the top down with regards to the economy will continue to affect various aspects of the economy with no real idea as to what direction it will take or what should be done with the problem.
Regardless of what is done it will not be as quick or as palatable as people would like but it has to be done without regard to who wants what and when. By allowing interference in any real remedy, the remedy will never fully take hold and will not be adequate.
The real question is; are those who can put the plan in place willing to do what is needed when needed?
Wednesday, July 2, 2008
opinion on domestic issues
By no means are international issues less important than domestic issues but when it comes to what is needed for the country is a real understanding of how international and domestic issues influence each other before deciding which is more important.
At the moment international issues are greatly influencing domestic issues and policies to the point that our economy is facing a real down turn in large part to our dependence on foreign oil. With that said our policies on domestic issues have to change so that our dependence on international issues is reduced.
Our policies have been to help international issues but at the moment if we forego dealing with out own domestic issues in an effort to help international issues then we will eventually be reduced to a third world country.
With the cost of oil skyrocketing, everyone is feeling the pinch both domestically and internationally especially those companies that afford to continue to do business as fuel and energy continually goes higher. One good way of dealing with these costs is to find ways of offsetting the cost of energy production that would also prop up the economy, this may include commercializing alternative energy sources that are usable but still need work to perfect them. They could be commercialized to deal with a number of domestic issues such as reducing our dependence on oil, creating jobs and to help the environment.
If commercialized there would be more people available to learn how those alternative energies work which would allow for others to be informed enough to give input on ways to improve on the technologies involved. This could be a way of dealing with the domestic issues that would probably directly impact how our domestic issues influence the international issues especially when it comes to how people deal with issues energy issues and more importantly how the international community deals with the dependence on oil.
The commercialization of alternative energy sources can only be part of the overall package with dealing with domestic issues. We need to deal with the deficiencies we have in other aspects that directly factor into how our economy hold up such as education. It has been shown that our public school systems are lagging behind some of the nations that are not as large and influential as we are.
With out the educational foundations that are fundamental to how well our country runs then there is, no way we can effectively stem any downturn of the domestic economy. It is a proven fact that our education system is failing to properly educate the nation’s children that are in the inner cities where there is the least amount of money allocated for what is needed, even though the teachers are held accountable for the failures of the students with regards to the standardized testing that is required.
The educational system has shown that not every student is capable of learning in the standardized methods that is used through out the country and that there are students who have proven that they have learned the subject matter but they are not able to show that on the standard versions of the tests. These things have to be addressed in ways that permit them to become productive members of our communities rather than a drain on them due to the short sightedness of bureaucrats who do not have any understanding of what is needed to educate.
Without an educated population we cannot hope to deal with issues that are plaguing our domestic issues due to not having people who would be capable of dealing with the problems our nation faces.
We also have to deal with our health care issues that are directly influenced by an individual’s ability to pay for medical treatment. Yes we do have great health care in general but where there is not standardized primary care for all regardless of income, there are many people who are forced to use the emergency room as their primary doctors office due to not having the upfront money on a weekly or monthly basis to pay for the health insurance programs that are offered in an attempt to reduce the prices of the health care.
We may not need universal health care all the way through the health care system but we do need a universal set of standards for primary care so that the preventative medicine that has been shown to work at reducing pricing can actually bee given to all. Affordable preventative medical treatment is the first step in having a healthy workforce, which would bring down the number of days needed to deal with illnesses that causes the productivity to go down in the workforce for both the public and private sectors.
When dealing with domestic issues everyone in a position to help or hinder any progress has to ask one question of all issues, which is; how does affecting one issue affect another issue?
At the moment international issues are greatly influencing domestic issues and policies to the point that our economy is facing a real down turn in large part to our dependence on foreign oil. With that said our policies on domestic issues have to change so that our dependence on international issues is reduced.
Our policies have been to help international issues but at the moment if we forego dealing with out own domestic issues in an effort to help international issues then we will eventually be reduced to a third world country.
With the cost of oil skyrocketing, everyone is feeling the pinch both domestically and internationally especially those companies that afford to continue to do business as fuel and energy continually goes higher. One good way of dealing with these costs is to find ways of offsetting the cost of energy production that would also prop up the economy, this may include commercializing alternative energy sources that are usable but still need work to perfect them. They could be commercialized to deal with a number of domestic issues such as reducing our dependence on oil, creating jobs and to help the environment.
If commercialized there would be more people available to learn how those alternative energies work which would allow for others to be informed enough to give input on ways to improve on the technologies involved. This could be a way of dealing with the domestic issues that would probably directly impact how our domestic issues influence the international issues especially when it comes to how people deal with issues energy issues and more importantly how the international community deals with the dependence on oil.
The commercialization of alternative energy sources can only be part of the overall package with dealing with domestic issues. We need to deal with the deficiencies we have in other aspects that directly factor into how our economy hold up such as education. It has been shown that our public school systems are lagging behind some of the nations that are not as large and influential as we are.
With out the educational foundations that are fundamental to how well our country runs then there is, no way we can effectively stem any downturn of the domestic economy. It is a proven fact that our education system is failing to properly educate the nation’s children that are in the inner cities where there is the least amount of money allocated for what is needed, even though the teachers are held accountable for the failures of the students with regards to the standardized testing that is required.
The educational system has shown that not every student is capable of learning in the standardized methods that is used through out the country and that there are students who have proven that they have learned the subject matter but they are not able to show that on the standard versions of the tests. These things have to be addressed in ways that permit them to become productive members of our communities rather than a drain on them due to the short sightedness of bureaucrats who do not have any understanding of what is needed to educate.
Without an educated population we cannot hope to deal with issues that are plaguing our domestic issues due to not having people who would be capable of dealing with the problems our nation faces.
We also have to deal with our health care issues that are directly influenced by an individual’s ability to pay for medical treatment. Yes we do have great health care in general but where there is not standardized primary care for all regardless of income, there are many people who are forced to use the emergency room as their primary doctors office due to not having the upfront money on a weekly or monthly basis to pay for the health insurance programs that are offered in an attempt to reduce the prices of the health care.
We may not need universal health care all the way through the health care system but we do need a universal set of standards for primary care so that the preventative medicine that has been shown to work at reducing pricing can actually bee given to all. Affordable preventative medical treatment is the first step in having a healthy workforce, which would bring down the number of days needed to deal with illnesses that causes the productivity to go down in the workforce for both the public and private sectors.
When dealing with domestic issues everyone in a position to help or hinder any progress has to ask one question of all issues, which is; how does affecting one issue affect another issue?
Sunday, June 15, 2008
thoughts on taxes and the economy
When it comes to the economy and taxes, at the moment the mentality of giving the tax breaks to the wealthiest of individuals and families isn’t working as well as it has in the past and as intended. This is due to the fact that these individuals have the same mentality as others when it comes to more for less, instead of it being product based it is based on how much service can they get for the cheapest possible price, this would include the salaries of the people offering those services along with trying to get the people who provide services to them to do more work for the same money that they have been receiving.
Most business’s are looking to find ways of saving money in today’s economy to the point that if they have to choose where they can actually save money given the cost of supplies and the salaries of their workers. At times saving money and actually producing the product or services are at odds with each other and usually the product or the employees loses out, in favor of maintaining or increasing the profit margin for the company.
With the rising prices of products and services the biggest losers are those companies that can no longer sell their products due to the cost of their products or services becoming too expensive for their targeted market stemming from not being able to afford their products any more due to stagnating incomes and rising costs. This is even starting to happen with the everyday household necessities and it was evident with the stimulus package when the middle and lower class’s went to the places that gave them the largest product amount for their money and to stores that enticed those same customers by giving gift cards for a percentage of their rebate check or giving a sale percentage off of the total bill for spending money at their stores.
Tax cuts can be a good thing provided they are in the industries that show real growth potential and are willing to make sure that their companies have what is needed to grow which would be a workforce that is compensated in ways to keep the companies potential growing, this would include salary and health care incentives along with offering various ways of letting their employees save for their retirement.
It would be very short sighted to give blanket tax cuts or credits to everyone within certain income brackets or companies which that have really high corporate profits. A blanket tax cut causes animosity for those in lower brackets especially when those individuals and companies choose not to live up to the premise behind those tax cuts in favor for higher short term profits. Any and all tax cuts which are geared towards those upper income and profit levels should be only allowed when they the individuals and companies are geared for long term profits and corporate sustainability rather than the fast cash that would be provided by such cuts without regards to sharing the wealth to those employees that did the bulk of the work in getting the companies to those profit levels.
The economy may be based on supply and demand to a great degree, but due to the rising costs of even the basic necessities of every day life that demand is going down creating problems for those companies who are producing products based on past demographics, causing those companies to shrink their work force due to a lack of money coming in but that is just a short term fix and ends up hurting those companies long term due to the fact they are adding to the problem by forcing those employees to go on unemployment or take lower paying jobs which causes their former employees to by less of that product if it is an everyday item used by their employees.
We also need to be looking at expanding on industries which can take our economy in new and more productive directions in regards to bringing in new taxes for the local, state and federal government while producing a product that can produce positive job and salary growth. A good deal of this would be to better educate people in general and retraining people to help be productive enough in those industries that need trained people to further the growth potential for the companies. These would be the types of industries where tax breaks and credits would be helpful especially if they are set up be given to those companies willing to train or send their workers to school to learn the needed skills.
All tax cuts for companies and corporations should be set up on an incentive basis geared toward helping the employees rather than helping the pockets of those high up in the chain of command. Ways of setting up the tax breaks should be like giving tax breaks to those companies and industries that provide education incentives for their employees and more of a tax break if these industries and companies are willing to provide education incentives for their employee’s immediate families.
For those companies that have the ability to allow their employees to use public transportation instead of driving should have tax breaks in place if they have position where the hours of operation for the position fall with in the hours of operation for the public transit system and the company actively promoting the public transportation system, allowing the companies to take advantage of the same or similar laws that make it attractive for the employees to utilize the public transit systems.
Most business’s are looking to find ways of saving money in today’s economy to the point that if they have to choose where they can actually save money given the cost of supplies and the salaries of their workers. At times saving money and actually producing the product or services are at odds with each other and usually the product or the employees loses out, in favor of maintaining or increasing the profit margin for the company.
With the rising prices of products and services the biggest losers are those companies that can no longer sell their products due to the cost of their products or services becoming too expensive for their targeted market stemming from not being able to afford their products any more due to stagnating incomes and rising costs. This is even starting to happen with the everyday household necessities and it was evident with the stimulus package when the middle and lower class’s went to the places that gave them the largest product amount for their money and to stores that enticed those same customers by giving gift cards for a percentage of their rebate check or giving a sale percentage off of the total bill for spending money at their stores.
Tax cuts can be a good thing provided they are in the industries that show real growth potential and are willing to make sure that their companies have what is needed to grow which would be a workforce that is compensated in ways to keep the companies potential growing, this would include salary and health care incentives along with offering various ways of letting their employees save for their retirement.
It would be very short sighted to give blanket tax cuts or credits to everyone within certain income brackets or companies which that have really high corporate profits. A blanket tax cut causes animosity for those in lower brackets especially when those individuals and companies choose not to live up to the premise behind those tax cuts in favor for higher short term profits. Any and all tax cuts which are geared towards those upper income and profit levels should be only allowed when they the individuals and companies are geared for long term profits and corporate sustainability rather than the fast cash that would be provided by such cuts without regards to sharing the wealth to those employees that did the bulk of the work in getting the companies to those profit levels.
The economy may be based on supply and demand to a great degree, but due to the rising costs of even the basic necessities of every day life that demand is going down creating problems for those companies who are producing products based on past demographics, causing those companies to shrink their work force due to a lack of money coming in but that is just a short term fix and ends up hurting those companies long term due to the fact they are adding to the problem by forcing those employees to go on unemployment or take lower paying jobs which causes their former employees to by less of that product if it is an everyday item used by their employees.
We also need to be looking at expanding on industries which can take our economy in new and more productive directions in regards to bringing in new taxes for the local, state and federal government while producing a product that can produce positive job and salary growth. A good deal of this would be to better educate people in general and retraining people to help be productive enough in those industries that need trained people to further the growth potential for the companies. These would be the types of industries where tax breaks and credits would be helpful especially if they are set up be given to those companies willing to train or send their workers to school to learn the needed skills.
All tax cuts for companies and corporations should be set up on an incentive basis geared toward helping the employees rather than helping the pockets of those high up in the chain of command. Ways of setting up the tax breaks should be like giving tax breaks to those companies and industries that provide education incentives for their employees and more of a tax break if these industries and companies are willing to provide education incentives for their employee’s immediate families.
For those companies that have the ability to allow their employees to use public transportation instead of driving should have tax breaks in place if they have position where the hours of operation for the position fall with in the hours of operation for the public transit system and the company actively promoting the public transportation system, allowing the companies to take advantage of the same or similar laws that make it attractive for the employees to utilize the public transit systems.
Sunday, March 9, 2008
my take on job layoffs
With facing the loss of a job due to termination over something you have done or if it is from layoffs you experience a great deal of frustration over the fact that you are being forcibly uprooted from a job that you may enjoy. You will undoubtedly have issues that you will have to deal with, with the most important one is the job search and whether you can afford to take your time or not while looking for a new job so you can have some well deserved down time.
When faced with a layoff, it may just be cutbacks or a company closing for which both cause people to worry. With cutbacks if you were not laid off, you wonder if you may be next and asking yourself if you should look for a new job but with a company closing you feel like you should have gotten out sooner rather than letting your world come down around you.
Right after finding out you are being laid off regardless of whether it is a layoff effective immediately or a layoff effective on a certain date, you will feel defeated and looking at your co-workers and friends for advice and if they know of any companies looking for anything remotely similar to what you are doing. Each person with have their own ideas of what you should do and how you should go about doing it based on what they know about you
When laid off you will inevitably find out how good your networking skills are if you are set on looking for a job right away and if you feel you can afford to take some time looking for a new job you may be forced to refocus what you would like to do with making the decision to go back to school for a certificate or a degree if your finances permit or if you can procure the funding if not a program that you can do for free.
If you decide to go right back into the workforce as quickly as possible then you will have to decide what you are willing to do, if you can take a pay cut and how much of a pay cut you can take with still being capable of maintaining your bills. If you decide that going back to school will be a good thing that you have the time for then you may need to decide whether you want to go to improve your skills in the field that you just left or if you would rather gain new skills that would widen the field of jobs that you can deal with.
You may feel like you can’t afford to be completely unemployed but feel that you would be better served if you made the time to go to school for at least a certificate program which would possibly working part time while going to school during the day or working somewhere close to full time while going to school nights and weekends.
In the end you have to make the decision that is best for you and your family if you have one that you have to be there for.
When faced with a layoff, it may just be cutbacks or a company closing for which both cause people to worry. With cutbacks if you were not laid off, you wonder if you may be next and asking yourself if you should look for a new job but with a company closing you feel like you should have gotten out sooner rather than letting your world come down around you.
Right after finding out you are being laid off regardless of whether it is a layoff effective immediately or a layoff effective on a certain date, you will feel defeated and looking at your co-workers and friends for advice and if they know of any companies looking for anything remotely similar to what you are doing. Each person with have their own ideas of what you should do and how you should go about doing it based on what they know about you
When laid off you will inevitably find out how good your networking skills are if you are set on looking for a job right away and if you feel you can afford to take some time looking for a new job you may be forced to refocus what you would like to do with making the decision to go back to school for a certificate or a degree if your finances permit or if you can procure the funding if not a program that you can do for free.
If you decide to go right back into the workforce as quickly as possible then you will have to decide what you are willing to do, if you can take a pay cut and how much of a pay cut you can take with still being capable of maintaining your bills. If you decide that going back to school will be a good thing that you have the time for then you may need to decide whether you want to go to improve your skills in the field that you just left or if you would rather gain new skills that would widen the field of jobs that you can deal with.
You may feel like you can’t afford to be completely unemployed but feel that you would be better served if you made the time to go to school for at least a certificate program which would possibly working part time while going to school during the day or working somewhere close to full time while going to school nights and weekends.
In the end you have to make the decision that is best for you and your family if you have one that you have to be there for.
Sunday, January 20, 2008
tax rebates
Everyone understands the economics of businesses using tax savings to produce jobs which has to some degree worked in the past. the economic climate has changed to the point that those same businesses that would have produced jobs here in the United States 20 years ago are now the companies sending jobs over seas to reduce costs while maximizing profits.
regardless of how it is worked our economy and society is based on the supply and demand aspect of the free market economy. my understanding of supply and demand is if no one can afford to buy the products then there is no demand for the product which translates into no demand for workers to produce the products.
regardless of how it is worked our economy and society is based on the supply and demand aspect of the free market economy. my understanding of supply and demand is if no one can afford to buy the products then there is no demand for the product which translates into no demand for workers to produce the products.
Wednesday, November 14, 2007
The economy
Regarding the economy of the U.S., the president feels that we are in a great position, which is true in some areas but the exact opposite is true in others. The economic indicators that are traditionally used are saying that the amount of jobs in the U.S. is stable if not growing, what these indicators are not saying is a fact of live for many which is the jobs being created are needed jobs but at the same time jobs with lower wages than those that had been lost due to factors like 9/11 and outsourcing jobs to other countries.
in areas where the cost of living is high such as the Northeast and parts of California, this creates a problem for families due to the fact that these lower paying jobs may not pay enough to support ones family at the current cost of living in a specific region forcing the parents to have multiple jobs to stay afloat.
in areas where the cost of living is high such as the Northeast and parts of California, this creates a problem for families due to the fact that these lower paying jobs may not pay enough to support ones family at the current cost of living in a specific region forcing the parents to have multiple jobs to stay afloat.
Saturday, May 5, 2007
economy commentary
When it comes to the economy, my contribution to the economy has been getting smaller and smaller and it isn't from not working a full time job either. I have the desire to by the things that I want and that would help make my life easier, but with a stagnant salary it's just not happening. It has a lot to do with the fact that living expenses are going up faster than my income.
From my point of view, the economy isn't as good as all these big name business people are saying it is. When you have friends, neighbors and co-workers that are barely scraping by or living the same lifestyle they did as far back as five years ago, it is hard to believe that the economy is doing as good as the experts say it's doing.
Yes we have been doing a good job of recovering from the attacks on 9/11 but at the same time we have had some of those jobs disappear again only to reappear in countries where the labor is many times cheaper than here to save in labor costs. The only problem with shipping those jobs over seas is that you start boosting the economy in that country and eventually the companies would have to move those jobs again to keep labor costs down.
in the end we are left with service industry jobs that don't pay the same wages as those jobs that were moved out of the country. We will eventually see those jobs come back but they will not be back for a generation or two due to the same reasons they left.
From my point of view, the economy isn't as good as all these big name business people are saying it is. When you have friends, neighbors and co-workers that are barely scraping by or living the same lifestyle they did as far back as five years ago, it is hard to believe that the economy is doing as good as the experts say it's doing.
Yes we have been doing a good job of recovering from the attacks on 9/11 but at the same time we have had some of those jobs disappear again only to reappear in countries where the labor is many times cheaper than here to save in labor costs. The only problem with shipping those jobs over seas is that you start boosting the economy in that country and eventually the companies would have to move those jobs again to keep labor costs down.
in the end we are left with service industry jobs that don't pay the same wages as those jobs that were moved out of the country. We will eventually see those jobs come back but they will not be back for a generation or two due to the same reasons they left.
Tuesday, April 17, 2007
hopefully a viable idea for a mutual or retirement fund
Hopefully a viable idea for a mutual or retirement fund
with so many different ways that people have of trying to make money or save for retirement I wonder if anyone is doing or has tried doing the following
· open up a type of mutual fund or retirement fund and split the money between stocks and bonds at a ratio that would work best for the individual or group.
· All of the money earned in the bond market stays in bonds; a specified percentage of the money earned in stocks gets reinvested into bonds and the rest of the money gets reinvested back into stocks. Or all of the money earned getting pooled together and then the money getting distributed based on the same ratio as the vested money in the fund.
· The types of stocks that should be invested in should pay a dividend, should have a good track record of keeping their values and have a tendency of splitting after reaching a certain price range, and the bonds should have a consistant rate of return regardless of how the economy or interests rates are doing.
with so many different ways that people have of trying to make money or save for retirement I wonder if anyone is doing or has tried doing the following
· open up a type of mutual fund or retirement fund and split the money between stocks and bonds at a ratio that would work best for the individual or group.
· All of the money earned in the bond market stays in bonds; a specified percentage of the money earned in stocks gets reinvested into bonds and the rest of the money gets reinvested back into stocks. Or all of the money earned getting pooled together and then the money getting distributed based on the same ratio as the vested money in the fund.
· The types of stocks that should be invested in should pay a dividend, should have a good track record of keeping their values and have a tendency of splitting after reaching a certain price range, and the bonds should have a consistant rate of return regardless of how the economy or interests rates are doing.
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