INFRASTRUCTURE PLAN MAY FORCE JOB CHANGES

#infrastructure #industry #technology #TomBrady #ElectricVehicles
Imagine Tom Brady as a middle linebacker.
In the debate over the proposed federal infrastructure plan, a working person chimed in that there was little in the infrastructure plan that would help him or her, and the job he or she does.
He, or she, said something like: You can’t say Tom Brady, a Super Bowl- winning quarterback, can now be a middle linebacker because he’s a football player.
To translate, the infrastructure plan is attempting to look at industry in the future. That may mean that jobs some folks are doing now are going to change. Those who don’t change with them may be left behind.
No one wants to see anyone left behind, but technology is changing industry rapidly. Instead of making cars with internal combustion engines, automakers are, and must, move toward electric vehicles and other alternative-fuel transportation. So, the person who has been an engine maker, for example, may have to switch gears.
Certainly, it likely won’t be easy to do that, but there isn’t much choice. It’s not as if the government wants to intentionally leave people behind, but trying to protect outdated industry will leave the country at the mercy of other countries who have more robustly embraced the change.
Retraining workers for new industry certainly has its pitfalls. Once a person is retrained, there’s always the danger, even likelihood, that new technology could make his or her retraining obsolete quickly.
And, there is the issue of how, say, new vehicles are going to be recharged. Electric charging stations are still rare in this country, and an abundance of electric vehicles on the road, with stations that can charge a vehicle fairly quickly, will put a big demand on the country’s power supply. So that would be another problem to be addressed.
In short, existing infrastructure is crumbling. Much of it needs repair and/or replacement. Internet access needs to be expanded to areas where connectivity is difficult.
But, technology IS changing how we do many things. We have to be ready for these changes so that jobs can be tailored to them.
The infrastructure plan is likely to create more jobs than it eliminates. It would be up to individuals to roll with something new.
If you are the type who is looking for something different, perhaps because what you’re doing now is expected to go away before you want it to, there are many programs that allow a person with any education, background or experience to create an income stream that could, potentially and eventually, dwarf whatever income he or she may earn at his or her job.
To learn about one of the best such programs, message me.
Obviously, football will need quarterbacks and linebackers. A player who is good at one position may not be good at another.
Tom Brady will always be a quarterback, as long as he plays. He will never become a linebacker.
But as the economy shifts, workers, as well as companies, have to become more nimble and flexible to reflect rapid change.
Your parents’ generation likely never saw change that moved at this pace. We all have to accept reality and move with it.
Tom Brady doesn’t need to, but, perhaps, you do.
Peter

AMERICA’S GRAND REOPENING?

#ReopeningAmerica #COVID19 #coronavirus #FlattenTheCurve #BoomingEconomy
Wes Moss thinks America is headed for a great reopening of the economy.
Moss, who writes a “Money Matters “ column for The Atlanta Journal-Constitution, and has a radio show by the same name on WSB in Atlanta, sees four things that prompt him to see the boom coming. His column on this subject appeared in the March 28, 2021, edition of the newspaper.
He likens what has been created to “the most powerful locomotive ever built.”
As the COVID-19 pandemic begins to ease – most public health experts, however, warn that it may be too soon yet to let our guard down, though there is a light at the end of the tunnel – here’s what Moss sees:
• Stimulus packages have been approved, putting money in many empty pockets.
• Pent-up demand for goods and services after most of us have been locked at home for a year.
• Record savings rates among Americans over the last year, because people haven’t gone many places or done many things to spend it.
• Herd immunity, prompted by the creation and inoculation of vaccines.
Not everyone would agree with Moss, though it would be grand if he were proved right.
You hear lots of talk about government trying to do too much. Remember, lots of folks lost jobs
during the pandemic. As a result, many are having trouble paying rent and mortgages, some are even having trouble feeding themselves and their families.
The stimulus will help with that temporarily, but now these folks have to go out to find work.
A hopeful sign is that as many restaurants and other establishments begin to reopen, they are, and will be, looking for help.
Regarding pent-up demand and record savings, we have to be careful here. If people have saved as they haven’t for some time, they should take care on how they spend their money. Certainly, going out to eat on occasion or going on a vacation will help cure cabin fever, but, as Moss would likely advise, don’t spend that money frivolously.
The vaccines will help ease the fear of going out and about, but we would still be advised to use caution. For example, perhaps you could dine in a restaurant at times when it will be the least crowded. Hopefully, the restaurant management will stagger seating so people are not crammed in.
When you are not sure you can keep your distance from people, wear a mask. Eventually, we’ll get an all-clear signal from health officials to put away our masks, but we are not there yet.
Perhaps you’ve lost a job and it has permanently disappeared. Or, the job you had was not worth going back to. If you are in that situation, you may not see Moss’ optimism.
If so, you should know there are many programs out there that allow you to spend a few part-time hours a week (you still may need to get a job, at least for a time) and earn an income that could potentially dwarf what you would earn in a W-2 job. These programs require people of any age, education, background or experience to look at something they may have never thought they would do. And, if they see the potential, allow themselves to be coached.
To learn about one of the best such programs, message me.
If the economy takes off the way Moss sees it, in a few years the government will get back the money it’s investing now – and, perhaps, more.
It’s tempting for us to go hog wild as the restrictions ease, but it would be wiser for us to ease back to normal gradually. Those with pent-up demand should exercise discipline in unleashing it. Those who have saved more than they have been should continue to save while, at the same time, treating himself or herself once in a while.
Peter