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 Replies: 38 / Views: 4,995 |
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Bedrock of the Community
13014 Posts |
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The USA middle class and working poor are getting squeezed. They have not seen the recovery that the upper class and business have seen. Which is what I personally use to judge how things are really going. The poor have the safety nets and the rich are so rich it just doesn't matter to them, but the middle class are a good measurement of how things are doing. They prosper or do well in good financial times, and are the first to suffer in bad ones. Obviously ideally you would like to see the poor moving out of the safety net class and moving up the class structure, but thats a whole different conversation. I get some jobs were fat being trimmed and others have been lost to robots and completely agree the days of unskilled labor being a career are over for us. But my issue is saying weve recovered, were certainly better than a couple years ago, but by no means are we back to a flourishing economy by measures other than the stock market. Dont get me wrong I'm all for the stock market doing well, but its strength compared to everything else is currently very misleading. The other measure I think is more of a true indicator of the economy is the employment rates for the age group getting out of school. In good times they can find jobs, right now though their unemployment rates are miserable. Theyre having to compete against people with 10-15 years experience for a job because the that group needs work too. In good times you dont see that. Its not about to collapse, and its better than it was but that really was a low bar to get over from what it got down too. Recovered is too strong of a word for right now, being nursed back to health is more how I would describe it. |
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Pillar of the Community
United States
3789 Posts |
The economy has improved, is getting strong and things are better.
From my perch, I been seeing all this for months and months now. It will continue to get stronger.
I LOVE seeing all the pessimism here. Just tells me this recovery is going to be grand. The Naysayers will either get quiet or grumble behind the scenes about how things are better but wont publicly acknowledge it lol
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Valued Member
United States
380 Posts |
Pessimism is completely different than stating the truth. Baseball is right, the Economy is still limping. From my perch in the real world, most people I know are struggling to get by.
In fact in my town in Colorado, there is no recovery as of yet. Wall Street is completely disconnected from these peoples lives.
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Pillar of the Community
 Canada
1723 Posts |
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Pessimism is completely different than stating the truth. Baseball is right, the Economy is still limping. From my perch in the real world, most people I know are struggling to get by.
In fact in my town in Colorado, there is no recovery as of yet. Wall Street is completely disconnected from these peoples lives.  Same thing here where I am... not much better. I've gone from being able to get by, save and not have too many worries to just getting by..... the reason... very little work in the construction sector. We've gone from turning down work to being lucky to get 10 months of work and that's how it has been. I've been laid off for a few months now. I got lucky because my wife works in the health industry and we had a baby at the beginning of the year so she went back to work and I'm at home with the wee one. Over the past 4 years not much has changed around here. Very hit and miss If I'm going to have work. So forgive me if I don't share your optimistic views that things are getting better yet. |
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Pillar of the Community
United States
561 Posts |
The transportation industry is the same way. I run a expedited fright company and know many other people in the industry as well. New regulations have artificially constricted supply which is helping to boost the revenues of the bigger companies but the real indicator of the health of the economy is freight volumes and I can tell you that there really isn't any more freight moving today than there was last year. I have read many forecasts that 2014 will see an uptick but I read those same reports leading up to 2013.
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Pillar of the Community
United Kingdom
616 Posts |
It is interesting listening to people because living in the DFW area I see tons of cranes in the sky and lots of help wanted ads in windows. So things here make it seem like the economy is good but I realize it is different in other areas of the country and for workers without high demand skills.
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Valued Member
Canada
470 Posts |
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Pillar of the Community
United States
5837 Posts |
Is true for few industries that has over abundance of work while other part still suffer, I work in the financial printing industry and are amazed at some of the information it gets printed.
The market will correct itself repeatedly, and hopefully we can talk about history again.
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Replies: 38 / Views: 4,995 |
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Posted 12/20/2013 3:03 pm
