What’s a Worker to Do?


Back in 2010, few economists, if any, anticipated that the negative impact of the Great Recession would last well into 2013.  Yet more than three years after the downturn officially ended in December 2009, only about half of the nine million jobs that were lost have been restored.

Recent news stories also revealed that the Federal Reserve underestimated the severity of the subprime mortgage lending crisis in 2007 and predicted the economy would not be seriously affected.  However, since the end of 2006, U.S. households have lost $7 trillion in home equity.  Unemployed homeowners discovered to their dismay that their fallback – selling their homes to relocate for new or better job opportunities — disappeared as the value of their houses declined, often leaving their homes underwater or worth less than the mortgages owed on them.

When the experts do not get the big picture right on the economy, how can individual workers figure out what to do in today’s job market?    Click here to read the rest of my February Stay Thirsty column.

 

Comments

StanADoege said:

After I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and from now on when a comment is added I recieve four emails with similar comment. Perhaps there may be an easy method you are able to remove me from that service? Thank you!

JoeyMAanerud said:

Howdy are using Wordpress for your blog platform? I'm new to the blog world but I'm trying to get started and create my own. Do you need any html coding expertise to make your own blog? Any help would be really appreciated!

EstherHWitts said:

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JamelISanker said:

Hmm is anyone else experiencing problems with the pictures on this blog loading? I'm trying to find out if its a problem on my end or if it's the blog. Any feed-back would be greatly appreciated.

ClementMWiss said:

When I originally commented I clicked the "Notify me when new comments are added" checkbox and now each time a comment is added I get three e-mails with the same comment. Is there any way you can remove people from that service? Thanks!

SamYIngala said:

It's difficult to get knowledgeable people for this particular topic, however you appear like you know what you're speaking about! Thanks

Chris, Boat Buddy said:

I'm sorry to hear that us Brits are not the only ones getting led down the garden path with false promises and misleading information regarding the true extent of the economic crisis. The British government announced some minor cuts back in 2010 as part of a five year plan but it is only recently coming to light that we haven't even scraped the surface of the iceberg yet in terms of the real cuts to be expected. Scandalous

Sue said:

Thank you, the link is fixed.

Janet @ CH Essex said:

The click "here" link doesn't appear to be working? Looking forward to reading the rest of the column!

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