The Pain of Coping When a Job Is Snatched Away

The New York Times ^ | December 1, 2003 | JILL ANDRESKY FRASER

[sarcasm]

"The problem is the overarching forces that have resulted in major job losses and downward income mobility are permanent," said Stephen Roach, chief economist of Morgan Stanley. "If anything, they'll intensify, as high-wage jobs in both production and the services continue to move to countries like China and India where costs are lower

[anniegetyourgun]

NYTimes reports that dog bites man. These are such easy stories to find and write - regardless of the overall health of the economy.

[speedy]

The New York Times responds to the spate of good economic news that is their nightmare. Of course, it would have been impossible to find unemployed people during the Clinton presidency, I am quite sure. Wonder how Howell Raines is getting by in unemployment -- think he can afford an occasional outing to Wendy's? I also wonder how people who were making $250K a year only had 40K set aside, and how they could wind up in a situation where their combined income is now 20K. This one doesn't pass the smell test. I didn't check the byline -- was this a Jayson Blair entry? I hate the New York Times.

[baltodog]

Boo-freakin-hoo.
I prepared for the self-evident downturn in the economy by not having any credit debt in the first place.
If I lose my job, I'm screwed.
But at the risk of torquing anyone off -- everyone who got laid off at our plant deserved it and the company is better without them.
Don't tell me a sob story about some union rat or some marketing whiz who was making 200K.

[mountaineer]

Indeed. My husband was laid off shortly after our marriage, and I started working a $6 per hour job. We survived. Lesson: life is tough, get over it.

[rb22982]

I also wonder how people who were making $250K a year only had 40K set aside, and how they could wind up in a situation where their combined income is now 20K

No kidding. Shoot most grocery stores don't start full time people at less than 7.50 an hour, which full time for a year for 2 people would be 30k a year.

[gorush]

Excrement occurs, and then you die...lather, rinse, repeat.

[bert]

marketing professionals = bubble economy hucksters.

They were overpaid for jobs that were not real. (probably)

[Alouette]

Downward mobility. Living the American Dream.

[Grampa Dave]

The good news is that if the NY Slimes continues to turn off real conservatives, they could be laying off a lot of the lunatic libs working for the Slimes.

So come to the thread below and revel in the NY Slimes getting some economic kicks for its vile liberalism.

http://www.freerepublic.com/focus/f-news/1031824/posts

New York Times Seen In Lackluster Ad Trend
Forbes ^ | 2003/11/24/ | Forbes Staff


Posted on 12/01/2003 1:36 PM PST by Grampa Dave


New York Times Seen In Lackluster Ad Trend Forbes Staff , 11.24.03, 12:03 PM ET

NEW YORK -

New York Times (nyse: NYT - news - people ) stock softened after a Banc of America Securities research note said the media company and rival Knight Ridder (nyse: KRI - news - people ) finished October on a lackluster note, posting respective ad sales growth gains of just 1.2% and 0.4%.

Bank of America Securities said the color ad page count at the flagship newspaper of Dow Jones (nyse: DJ - news - people ), The Wall Street Journal, is averaging 8.3 pages per day so far this November, which is up from the November 2002 level of 6.8 pages per day. But the securities firm said that earnings risks persist for the newspaper sector overall in the fourth quarter due to weak ad sales.

It noted that although telecoms now offer wireless portability, there have been very few ads for the new service in newspapers. In addition, department stores' ad spending remains soft and is continuing to shift to other forms of media.

Despite its concerns about Knight Ridder's weak ad spending in October, Banc of America Securities reiterated a "buy" rating for it and Tribune (nyse: TRB - news - people ) while maintaining "neutral" ratings on New York Times and Dow Jones. New York Times was down 48 cents at $45.36; Dow Jones, down 1 cent at $49.92; Tribune, up 7 cents at $48.10; and Knight Ridder, up 47 cents at $73.23

http://www.freerepublic.com/focus/f-news/1031824/posts

[TSgt]

$20,000 a year combined? You've got to be kidding?

My wife and I could work at a fast-food restaurants or grocery stores and make more than $20,000 a year.

These people need to get their hands dirty. I would work 2 low paying jobs to make ends meet for my family. It appears that they don't want to subject themselves to work that is below their standard.

Good grief, I made $34,000 a year when I was 20 working 2 jobs!

Please correct me if I'm "out of touch" here...

[cyborg]

Living above your means can put a dent in the savings plan.

[Jackson Brown]

Yep -- this is a dog bites man story.

When people loses jobs, it's always tough.

But, as far as this article goes, the reasons are a glut of jobs in a short lived bubble in the Internet/tech, where a large percentage of people with visions of being millionaires straight out of college decided to major in the "computer sciences" -- it easy to forget the cause for today's lost jobs (unsustainable growth) started long before Bush took office.

NAFTA and the sending of jobs over seas is part of the picture too.

Bush needs to address this, but he is NOT the cause and NO amount of avoiding these facts from he NYT will make it all any different!

[Kiss Me Hardy]

A few years ago -- when Bush I was in office, if I recall correctly -- the Slimes did another hard look at the suffering middle classes and found a guy who was so hard up for a buck he had fallen behind on the maintenance schedule for his Mercedes!

Obviously, the Slimes hasn't received the last copy of the Democrats' 2004 playbook and is still going on about lost jobs.

Those people make me want to puke. If I wasn't a good citizen and didn't pick up after my dog moves its bowels, there'd be no useful purpose for the Slimes whatsoever

[Grampa Dave]

"Good. If there are enoght of them maybe they will help to vote our present globalist turkey out of the White House and we can get someone who knows something about economics or anything else other than bombing ragheads."

You are even more pitiful/laughable than Willie is with the above remark.

[livius]

Creepy little whiners.

There are plenty of jobs out there, but not necessarily in marketing. This is God's way of telling them to do something else with their lives.

Okay [rubbing fingers together]: World's Smallest Violin Playing Hearts and Flowers.

[Weimdog]

$40,000 in savings from a $500,000 income?

I guess some really do live pay check to pay check.

Dummies!

[mountaineer]

Don't tell me a sob story about some union rat or some marketing whiz who was making 200K.

I live in the "steel valley," where all the union drones are whining about the prospect of Pres. Bush eliminating tariffs against foreign steel. Keep in mind that these guys - with barely a high school education - are making around $80K per year for manual labor jobs. Gee, why do you suppose that Brasilian or Chinese steel is so relatively cheap, and why would U.S. automakers rather buy the foreign stuff?