"Now a pink slip, a bad diagnosis, or a disappearing spouse can reduce a family from solidly middle class to newly poor in a few months."
http://www.harvard-magazine.com/on-line/010682.html
"America’s once mighty job machine is struggling as never before. The combination of subpar job creation and real wage stagnation puts extraordinary pressure on the income-generating capacity of the world’s most aggressive consumer.
"Of course, you’d never know that from the spin that followed the release of the latest monthly labor market surveys . . . . "
http://www.morganstanley.com/GEFdata/digests/20060109-mon.html#anchor0
Ahhh the doom an gloom articles that seem to defy observation or all the other articles counter to them.
Never post anything in this forum from Harvard Magazine, please...it screams hit piece on the administraion.
Yep, the sky is falling...SKWAAAAAAAAK....the sky is falling!!!!!!
Hey buddy, can you spare a dime?
Ummmmmm....that's why there's these things called SAVINGS ACCOUNTS.
When THE industry in a city collapses (as did the steel industry in Pittsburg) there are 2 types of people.
Those that whine about losing their job and how the gubmint isn't giving them a new one...and those that move somewhere else or retrain for another career.
Which are you?