I think the question here is to look at are we creating jobs to replace the jobs that were lost? More in depth question is, if a person lost his/her $60,000 job, is the government creating 2 $30,000 jobs to replace that one that was lost or they are just creating a minimum wage job to replace that? That's a big question to answer. Ultimately, if this is true, everyone is going to have to lower their standard of living to adjust to the new way of life. There's not going to be a lot of spending power in consumer because people will tend to save up more because of uncertainty time.
Erin
Posted on: 08-Oct-10
(Post #1)