#YoungMen #YoungPeople #women #minorities #AdaptingToChange #DifferencesInIncome
It’s tough to be young today.
It’s even tougher, it seems, to be a young man.
As a man, you were always taught to be a provider for your family. At the same time, there was a building movement to advance women and minorities in the work force.
Over time, young women became more educated than young men, in aggregate numbers.
As a young man with less education, your options became more limited. The strong-back, laborious jobs that once paid pretty well, were not paying well at all. On top of that, many of those jobs were being eliminated altogether because of technology.
Did it bother you, as a young man, that a woman that you might like to be with was better educated, and perhaps making more money than you? How can you “provide” for her?
Worse yet, would that well-educated woman you like even give you the time of day, because you are not as educated, and not making as much as she is?
First, the advancement of women and minorities in the work force has been a GOOD thing.
Before that, women, who were not necessarily guaranteed to find a “provider,” could not necessarily live on their own without help.
They were pigeon-holed into certain job categories with little opportunity for advancement. They were secretaries, teachers, nurses etc. Those are noble professions, to be sure, but moving up in those careers can be difficult.
If you were a woman who was able to find someone to provide for you, you may have gotten married and had children, which presented a whole new set of work-force challenges for you.
Now, the pendulum has swung a bit in the other direction, and young men, particularly those who did not go to college, are left with limited career options.
Even some with a good education may not be able to find a job that would make that education pay off. To complicate that, if you borrowed money to go to college, you may have debt that will keep you from advancing in life.
Moving back with mom and dad should only be a temporary solution. But, for more and more young men in particular, there is no other way to make it at the moment.
Apartments in New York City are going for $6,000 a month, yet are still being gobbled up. Young people have to find roommates to make it work, and, even then, they are still paying more than the 30 percent of their income that should go to housing.
Note here that certain places are more expensive to live in than others because they are more desirable. A young person on his or her own would rather be nearer a big city than a rural town, if only for the social life options.
Yes, it’s difficult to be young today, but resorting to vices – drugs, alcohol etc. – to ease your troubles is not the answer.
You may have to look harder for opportunities, but they are there. You may have to relocate to find them, but they are out there. So many employers are looking for good, hard workers. Many of them are willing to pay for the right people.
There are more opportunities to come as technology improves. (Warning: if you are in a job that will be eliminated by technology eventually, prepare for that now.)
You can’t stop the world from changing. You can’t go back to the way things were decades ago. You just have to find ways to adapt to the here and now. If you do, life, eventually, will treat you well.
Peter
Tag Archives: economy
ECONOMY IN PERIL
#economy #government #GovernmentEmployees #tariffs #inflation #eggs
Egg prices are soaring because of the bird-flu spread.
That is likely to affect prices diners will pay in restaurants.
If the market doesn’t bear those higher prices, restaurants could go out of business.
Then, if a number of federal employees lose their jobs, unemployment could go way up.
If those workers do not have paychecks, they won’t spend as much. It could put other stores out of business.
Will those furloughed federal workers find private-sector jobs? Perhaps some will. Perhaps others may have to take jobs that don’t pay as well as their government jobs, or do not have the same benefits they had with the government.
That will affect their spending, which could trickle down to other businesses.
When tariffs are added to the mix, they will raise the cost of many other goods. Most, if not all, of those increased costs will be passed on to consumers.
Much of this economic turmoil is government inflicted. Much of it is unnecessary.
Most people want to see government run as efficiently as possible. Many want to see less government overall.
Almost no one wants to see a broken government – particularly one that was broken deliberately.
The act of breaking government eventually will affect most, if not all, U.S. citizens and residents.
Even if you believe government needs to be overhauled, there are ways to do it that are both legal, humane and proper. They do not involve potential invasions of individual privacy.
Objections to what is going on are largely not objections to efficiency and lowering costs. They are over the manner in which they are being accomplished.
Perhaps some good will come from this turmoil. Perhaps we will be in a better place after the operatives are finished.
But, in the meantime, the economy – and the personal wealth and well-being of many individuals—could be adversely affected.
If you don’t like what’s going on, tell your representatives. Their jobs are on the line if the outcome is not good.
It’s easy to be frustrated, exhausted and demoralized by what is happening.
But, as with most adversity, one has to look for what is good in one’s life, what can’t be taken away and what each person can do to improve his or her own future.
It takes great personal strength to do that during these times.
Here’s hoping that everyone finds that strength and uses it to better his or her own life, and the lives of others.
Things are what they are, but they don’t have to be this way.
Peter
Egg prices are soaring because of the bird-flu spread.
That is likely to affect prices diners will pay in restaurants.
If the market doesn’t bear those higher prices, restaurants could go out of business.
Then, if a number of federal employees lose their jobs, unemployment could go way up.
If those workers do not have paychecks, they won’t spend as much. It could put other stores out of business.
Will those furloughed federal workers find private-sector jobs? Perhaps some will. Perhaps others may have to take jobs that don’t pay as well as their government jobs, or do not have the same benefits they had with the government.
That will affect their spending, which could trickle down to other businesses.
When tariffs are added to the mix, they will raise the cost of many other goods. Most, if not all, of those increased costs will be passed on to consumers.
Much of this economic turmoil is government inflicted. Much of it is unnecessary.
Most people want to see government run as efficiently as possible. Many want to see less government overall.
Almost no one wants to see a broken government – particularly one that was broken deliberately.
The act of breaking government eventually will affect most, if not all, U.S. citizens and residents.
Even if you believe government needs to be overhauled, there are ways to do it that are both legal, humane and proper. They do not involve potential invasions of individual privacy.
Objections to what is going on are largely not objections to efficiency and lowering costs. They are over the manner in which they are being accomplished.
Perhaps some good will come from this turmoil. Perhaps we will be in a better place after the operatives are finished.
But, in the meantime, the economy – and the personal wealth and well-being of many individuals—could be adversely affected.
If you don’t like what’s going on, tell your representatives. Their jobs are on the line if the outcome is not good.
It’s easy to be frustrated, exhausted and demoralized by what is happening.
But, as with most adversity, one has to look for what is good in one’s life, what can’t be taken away and what each person can do to improve his or her own future.
It takes great personal strength to do that during these times.
Here’s hoping that everyone finds that strength and uses it to better his or her own life, and the lives of others.
Things are what they are, but they don’t have to be this way.
Peter
THE ECONOMY: PERCEPTIONS AND REALITY
#economy #wages #prices #PerceptionOfEconomy #EconomicData
The data show the economy is good, even robust.
But people don’t always see it that way. They see prices that are higher than a few years ago on almost everything.
So why the difference between data and perception?
First, almost everything costs more than a few years ago for a few reasons. First, some companies are trying to make up for their losses during the pandemic. Some may call that price gouging, but it becomes that only when prices stay up AFTER the losses have been made up.
Secondly, almost everyone is getting paid more than they were a few years ago. If you are not in this category, look around for other opportunities. They are out there, in many places.
To help pay for those higher wages, companies raise the price of what they sell or make.
There are certain categories of prices that have unique issues. Housing (rents and purchases) prices are up. There are lots of entities out there competing with individual families for housing. They buy properties for cash and rent them out at rents that are often unaffordable for many.
That takes many houses off the market for individuals, and raises rents for renters.
Auto insurance and repairs are another unique category. Today’s cars are a lot more complex than those from the past. What may look like a simple repair gets complicated because systems in the cars may have to be recalibrated. That could double or triple the cost of a simple repair.
The same could be said for home repairs. That may be why repair insurance companies have a market, and why auto and homeowner’s insurance in general have risen in price.
No matter who serves in the U.S. government, he or she can only do so much to bring prices down.
The good news here is that if you are making more money in your job, most data show that your higher pay is outpacing inflation.
That begs the question: would you prefer lower pay and lower prices, or the current situation? Before answering that, know that the data again shows price inflation coming down.
We may never see $1 a gallon gasoline again. Those pandemic prices, when no one was going anywhere, may not return unless there is another pandemic. No one wants that.
Food prices are also affected by distributors, who are raising their prices. Also, one has to consider climate issues that affect the growth of what we eat. If food can’t grow as well, or gets destroyed in storms, what is not affected is going to be more expensive.
Therefore, be skeptical of anyone who runs for public office who says he or she will lower prices.
There may be things they can do to mitigate inflation, but the government can’t subsidize everything, and it has limited ability to force producers and sellers to lower prices on what they make or sell. The main thing that will affect pricing is whether people buy things at the price charged. Some necessities have to be bought, but we may want to try to use less of those if we can.
The government can lower your taxes on certain things as one mitigation. But, the government can’t control pricing, nor do we necessarily want it to.
Certainly, your parents or grandparents paid less to live in their younger years than you do now. But, in that time, much progress has been made. Society, as a whole, has seen much improvement.
The betterment of society comes at a price. Most of us do not want to go back to the “good old days.”
Peter
The data show the economy is good, even robust.
But people don’t always see it that way. They see prices that are higher than a few years ago on almost everything.
So why the difference between data and perception?
First, almost everything costs more than a few years ago for a few reasons. First, some companies are trying to make up for their losses during the pandemic. Some may call that price gouging, but it becomes that only when prices stay up AFTER the losses have been made up.
Secondly, almost everyone is getting paid more than they were a few years ago. If you are not in this category, look around for other opportunities. They are out there, in many places.
To help pay for those higher wages, companies raise the price of what they sell or make.
There are certain categories of prices that have unique issues. Housing (rents and purchases) prices are up. There are lots of entities out there competing with individual families for housing. They buy properties for cash and rent them out at rents that are often unaffordable for many.
That takes many houses off the market for individuals, and raises rents for renters.
Auto insurance and repairs are another unique category. Today’s cars are a lot more complex than those from the past. What may look like a simple repair gets complicated because systems in the cars may have to be recalibrated. That could double or triple the cost of a simple repair.
The same could be said for home repairs. That may be why repair insurance companies have a market, and why auto and homeowner’s insurance in general have risen in price.
No matter who serves in the U.S. government, he or she can only do so much to bring prices down.
The good news here is that if you are making more money in your job, most data show that your higher pay is outpacing inflation.
That begs the question: would you prefer lower pay and lower prices, or the current situation? Before answering that, know that the data again shows price inflation coming down.
We may never see $1 a gallon gasoline again. Those pandemic prices, when no one was going anywhere, may not return unless there is another pandemic. No one wants that.
Food prices are also affected by distributors, who are raising their prices. Also, one has to consider climate issues that affect the growth of what we eat. If food can’t grow as well, or gets destroyed in storms, what is not affected is going to be more expensive.
Therefore, be skeptical of anyone who runs for public office who says he or she will lower prices.
There may be things they can do to mitigate inflation, but the government can’t subsidize everything, and it has limited ability to force producers and sellers to lower prices on what they make or sell. The main thing that will affect pricing is whether people buy things at the price charged. Some necessities have to be bought, but we may want to try to use less of those if we can.
The government can lower your taxes on certain things as one mitigation. But, the government can’t control pricing, nor do we necessarily want it to.
Certainly, your parents or grandparents paid less to live in their younger years than you do now. But, in that time, much progress has been made. Society, as a whole, has seen much improvement.
The betterment of society comes at a price. Most of us do not want to go back to the “good old days.”
Peter
THINK THE ECONOMY IS BAD? NUMBERS DON’T AGREE WITH YOU
#economy #jobs #GoodEconomy #BadEconomy #EconomicNumbers
The U.S. economy is good, according to the numbers.
Unemployment is low, salaries and wages are rising. Yes, inflation is higher than most would like, but seems to be coming down. Also, most experts say pay increases are outpacing inflation.
Yet, people still believe the economy is not so good, according to media reports.
Certainly, in any economy, there will be some people left in the lurch. Some of them are left behind by their own choosing (they don’t want to work). Many are left behind because juggling child care, a job and other responsibilities is difficult.
At least one day-care center, rather than raising pay for their teachers, is instead providing housing for them. That way, struggling parents won’t have to pay higher rates.
There are specific hardships as well. Tyson Foods is closing several chicken plants in small towns – where it is likely the primary employer — because chicken sales are down.
The post-COVID work world has changed. More people are working from home. Some companies are raising pay rather substantially to get and keep people in their jobs. (That might be one trigger for the inflation numbers.)
People’s feelings about the economy may also be affected by the messaging they receive. Some media outlets don’t want certain people elected to office, so they will keep telling their viewers and listeners that they SHOULD feel that the economy is bad.
Even though numbers may not be what they seem in some cases, except for inflation, the numbers tell a pretty good economic story.
It might make one wonder: why do I not think the economy is good?
Certainly, every person has the power to better their own situations. There are oodles of options out there now that might not be there if the economy really does take a downturn. This economy present golden, if, perhaps, fleeting, opportunities.
Perhaps you don’t like your job. Perhaps your job doesn’t pay enough. In this economy, you can change both of those things by looking elsewhere for employment.
If day care and other life necessities are keeping you from working, perhaps finding something that would allow you to work from home might be an option.
If your skills or job situation doesn’t allow you to work from home, many employers will work with you on your family situation. Most of them need workers. They will do almost anything to keep you, if you are reliable and good at what you do.
Certainly, life and work are complicated. The pandemic exposed many of the vulnerabilities workers can face.
This may be the perfect time for anyone to better his or her situation by checking out options that, perhaps, one may never have thought of doing.
This is the best time in decades for workers. If you work hard, are willing to learn new skills, visit convenient employers to see what they might have available. Most of them are looking for help.
If you like your job, and it works for you, excellent. If not, it’s incumbent upon you to find something else.
Do you still think the economy is bad? Very likely, YOU can do something about it. If you don’t know why you think the economy is bad, perhaps you should re-evaluate where you get your information about it.
Some people in power, when the economy was suffering, would say that if you were not prospering in that economy, it was your own fault. For many, it was not their fault.
Now is the time to take matters into your own hands and find work that you can feel good about. Very likely, it’s out there.
Peter
JOBS AND RECESSION
#jobs #recession #economics #wages
The recent jobs report was double what was expected.
Yet, there is talk of recession.
It’s been said that a recession is defined by how each individual feels about his or her situation.
There are a few questions about the data, and economic perceptions here.
First, if there are a record number of jobs, are they all being filled? Many employers are begging for workers at all levels. Therefore, are they just creating empty slots on a payroll?
Secondly, if the economy has declined for two straight quarters – the technical definition of recession – shouldn’t employers be laying people off, not hiring?
In fact, many companies, Oracle, for example, are laying off people. But, is this a function of technological changes? Remember, as technologies evolve, the masters of the previous technology may not be needed when the new technology emerges. Changing technologies may mean changing staffs.
Thirdly, many people perceive we are heading toward recession because things are costing more, like food and gasoline. Inflation is indeed here, but that has many causes that are unrelated to a declining economy. The aforementioned labor shortages may be one, as companies have to pay workers more to hire or keep them. Supply-chain issues caused by the pandemic may be another, along with the war in Ukraine etc.
So, you may not feel that the economy is clicking on all cylinders, even if it may be. Inflation will ease as buyers naturally cut back. Therefore, ask yourself: is your job paying you more since the pandemic restrictions were lifted? Certainly, you are paying more for what you buy, which may mitigate your raise, but you could be paying more without getting a raise.
By the way, if you didn’t get a raise, feel free to look for something else. The jobs, and needs, are out there, and you may have more leverage as an employee than you’ve ever had.
Some describe this economy as complicated. Perhaps, it is. Suffice it to say that after pandemic lockdowns, there is pent-up demand not only to buy things, but to do things. And, many of those who sell or provide services to meet that demand are still staffing up to accomplish that.
Therefore, there will be some shortages and closings because there aren’t enough people to provide the products and services.
You, as a consumer, will feel that, and it won’t necessarily feel good. But, as the saying goes, one cannot turn a battleship around quickly. It will take time to resolve.
If you are feeling down about the economy, think of it this way: If you got a raise, chances are the raise will not go away. If prices now are eating away at the raise, and you feel you are no better off than you were, as inflation comes down, your raise will likely still be there.
If what you do for a living is becoming obsolete, and you can see it, try something else. We all have to adjust as times and technology change.
Sure, it’s no easy task to try something different. And, of course, if you learn something different, and THAT becomes obsolete, you are going to ask yourself “why did I bother?” The message here seems to be to keep learning and trying new things.
This economy is complicated. It is in transition. We all may have to muddle through for a time for things to get better.
But, we can say with some confidence that they usually do.
Peter
IS YOUR ECONOMY MATCHING THE NATION’S?
#economy #YourEconomy #jobs #raises
OK. The numbers show a booming economy.
Corporate profits are up. The unemployment rate is at a historic low.
So, how are you doing – financially, that is?
Arizona Republic columnist Russ Wiles poses that question in a column for USA Today. It was also published July 1, 2018, in The Atlanta Journal-Constitution.
If you don’t find yourself in a booming financial situation now, here’s what Wiles suggests: find a better, steadier job, while the unemployment rate is so low; He admits, however, that a lot of jobs pay poorly or feature irregular work hours.
He also suggests getting financial help from someone outside your household – hey kids, ask mom and dad or supplement your income with a part-time job in your off hours.
He even suggests the bold move of asking your boss for a raise. Wiles says the employee may be in the driver’s seat in this economy. We’ve all been told, perhaps, that it never hurts to ask. After all, the answer is always NO if you don’t ask. As a practical matter, however, most request for raises generally receive a NO, perhaps in a more graceful manner.
Let’s look at this problem from the employer’s perspective. The general rule of thumb is to pay people as little as you can get away with. However, if you have good, dependable people working for you, it may improve your bottom line – and cut down on work you have to do yourself – to INVEST in those people.
It’s not just in raises, though they indeed may be necessary. You want to make sure that if you know of some particular hardships that a good employee is enduring at home, that you help relieve some of that stress as best you can. Recently, an Alabama worker just hired by a moving company walked 20 miles, hitching rides along the way, to make sure he showed up for his first day of work.
The employee’s car had broken down and he had no other way to get to work. The boss, realizing how difficult it is to buy that kind of dedication, gave the young man a car.
That CEO should make sure he has a decent career ladder crafted for that employee, so that he never leaves.
Of course, at the same time, we read about employers dealing with workers who don’t show up for interviews, or, worse, are hired and don’t show up for their first day of work. Or, they abruptly leave a job without giving the employer any notice.
Reports indicate that during the recession, people would apply for or be interviewed for jobs, and the employers never get back to them. This may be in retaliation for that.
If you follow Wiles’ suggestion and consider getting a second, part-time job to boost your finances, consider a thought outside the box. There are many ways out there to pick up some extra money – perhaps eventually enough to quit a lousy job you hate, that doesn’t pay you enough – that do not involve a second, traditional job. To check out one of the best such vehicles, message me.
In short, these are supposed to be among the best of times for workers. However, many jobs involve hard work and low pay – or at least lower pay than many deserve. Companies have to keep their costs down to compete. The employers have to make money. No one wants to work for someone forced to go out of business.
It’s up to employers and employees to learn more about each other’s circumstances. There’s really no good reason for people not make good wages, while companies make decent profits. It does workers little good to keep changing jobs, and it does employers no good to have to be constantly rehiring.
Everyone – employers and employees – wants options. If everyone treats everyone fairly, there’s no telling what great options everyone will have.
Peter
STUDENT LOAN DEBT KILLING ECONOMY FOR SOME
#StudentLoans #StudentLoanDebt #economy #college
Imagine having your dream job, after a great education, and yet be broke.
That is the case with Melissa Cefalu, a veterinarian, and her husband Andrew, a chiropractor.
You see, Melissa and Andrew are buried under $365,000 in student loan debt.
Paul Davidson highlighted their story in his USA Today article about how student loan debt is hurting the U.S. economy. It was also published in the July 7, 2017, edition of The Atlanta Journal-Constitution.
Melissa and Andrew never take vacations. They may grab a long weekend with friends or relatives. Andrew drives a 13-year-old Chevy Tahoe. Instead of buying new clothes, Melissa, 35, wears her sister’s hand-me-downs, according to Davidson’s article.
The $1.34 trillion in student loan debt, a record high, is affecting the overall economy, Davidson writes. It’s causing delays in home purchases, it’s crimping consumer spending and inhibiting formation of new businesses, the article quotes analysts. He quotes others as saying the student loan debt crisis is no more than a lot of hype.
“I love what I do but … I don’t feel my degree was worth the sacrifices we have to make every single day,” the article quotes Melissa Cefalu. The couple, between them, makes $125,000 a year, and lives in affordable Madison, Miss.
Let’s break this down further. We’ve all heard about the excessive student loan debt, and the debate rages on about how to fix the problem. Should we, as a nation bail out these loans, or should we let the people who incurred the debt take their medicine – probably for a lifetime?
At the rate they are going, Melissa and Andrew will probably never be able to save for a house, let alone retirement, for a good long time. Theirs is a lesson for others thinking about whether college will be worth what they will have to do financially to get through.
And the Mississippi couple’s example shows that even if you come out of college with a decent job, doing what you had always wanted, debt can punch you in the gut for many years. Think about the graduate who comes out of college with no job, AND lots of debt.
Statistics repeatedly show that the more education one has, the better his job prospects. Still, the decision whether to go to college should not be automatic, even for the brightest of students.
There are many different ways to approach the problem. Consider these options: if a student is college material, but his family cannot afford to send him, he could work for a few years at a relatively menial job, i.e. a restaurant server, and save his money to go to college later in life. That same student could take that menial job, and take some college courses part time over a few years until he has the money to go to school full time.
Secondly, a student could consider military service for a few years, presuming he is physically able for that. The service may entitle him to college benefits after he serves his tour of duty.
Thirdly, a student may decide to look for a vehicle that will provide him enough income to eventually give him a world of educational options, without incurring a lifetime of debt. To check out one of the best such vehicles, message me.
Regardless of how you may feel about student loan debt, and how it may be affecting the economy, consider this: if a student incurs debt that would surpass a mortgage, that student will not be able to do much of anything financially for a good long time. He or she could grow old and broke, with very little help to get out of their situation.
If you don’t want to be among those folks, think long and hard about whether, and when, to go to college. College is not for everybody, and for those who are ripe for college academically, but not financially, it’s still not a decision to be made without lots of thought.
He who properly thinks through the college decision will likely see the most success as a productive adult.
Peter
TAKING THE LONG VIEW OF FINANCES
#millennials #BabyBoomers #economy
Home prices in Seattle are soaring.
So, Kathryn Jacoby, 30, and Jeff Whitehill, 32 came to a sobering conclusion: buy now, before prices went up further, or they may never afford to own a home. They bought a 72-year-old house for $550,000. It may be more than they can afford on their combined $110,000 annual income, but they felt time was not on their side.
George Erb wrote of the couple’s plight, and that of other millennials, in the Seattle Times.
Meanwhile, Rodney Brooks writes of how baby boomers are bridging the Generation Gap. His article for The Washington Post was based on Lori Bitter’s book, “The Grandparent Economy: How Baby Boomers Are Bridging the Generation Gap.” The book focuses how baby boomers may be taking care of several generations of their family, be they their parents or their children who may not have recovered financially from the Great Recession of 2008.
“The real story is they (boomers) may have two or three generation of people living in their homes that they were working their butts off to support,” Brooks quotes Bitter. That puts their retirement plans in some peril.
Both Erb’s and Brooks’ articles were published in the March 6, 2017, issue of The Atlanta Journal-Constitution.
Meanwhile, Ron Lieber wrote in the New York Times of financial trade-offs people make, whether they know it or not. Some take two or three jobs just so they can raise their kids in a certain neighborhood. Others experience life now, perhaps after the sudden death of a relative, lest they not get to do it again, etc.
Lieber’s article was published April 24, 2017, in The Atlanta Journal-Constitution.
Let’s break this down a bit further. If you are young, you need to be actively engaged in financial planning, including not only what you earn, but what you spend and what you save. The young couple in Erb’s article believed that housing appreciation was going to continue for the foreseeable future, so they extended themselves a bit to buy a house.
If that holds true, they’ll appreciate that decision later. However, there is much peril in the meantime. They borrowed $30,000 from Jacoby’s parents, and Whitehill has a $60,000 student loan to pay off.
Hopefully, they can pay down those debts and they will earn more income over time. The latter is far from guaranteed, making the former more difficult.
Rather than borrow money from parents to help buy a house, some young people are still living with their parents, as Brooks’ article discusses.
The point here is that all generations alive today face financial challenges. The trick is doing what you need to do to overcome them.
With technology and globalization throwing a monkey wrench into job security, people in all generations might want to think about ways to earn extra income, preferably without taking a pound of flesh from themselves, or having no time to really live.
There are many options available to accomplish this. To hear about one of the best, message me.
With job security far from assured, no matter in what field one is employed, financial risks become that much riskier. Still, taking no risk at all generally doesn’t get one very far. As long as the risks are calculated, and one plans accommodations to alleviate some of the peril, there’s no telling what the payoff can be.
Here’s wishing the millennials great financial planning skill, and baby boomers great coping skills as they deal with their issues.
Peter
TRANSFORMATIONAL CHANGE NOT ALWAYS GOOD, BUT …
It may not have been as devastating as the Great Depression, but the recession of 2008 changed a lot of lives, in many cases, not for the better.
As New York Times columnist David Brooks writes, after such a change, “a certain number of people are dispossessed. They lose identity, self-respect and hope.
“They begin to base their sense of self-worth on their tribe, not their behavior,” he continues.
“They become mired in their resentments, spiraling deeper into the addiction of their own victimology,” he adds.
Brooks discussed this in relation to national politics in a column published July 15, 2016, in The Atlanta Journal-Constitution.
If you were dealt a blow sometime around 2008, or since, you probably can relate.
Perhaps you lost a job, and haven’t been able to find one that pays you anywhere close to the job you lost. Perhaps you lost your house.
You keep hearing that things are getting better. The economy is picking up, say the experts. Yet, you don’t feel it.
You tend to blame people, or things, that really are not to blame. Even the employer who canned you, if that happened to you, probably was forced to.
Bear this in mind: blaming takes valuable energy away from solving the problem at hand.
Blaming is also easy. Solving the problem may be more difficult.
You may also hear that employers WANT to hire more people now. Yet, you are not among those they are looking for.
An example might be that police forces and the military are looking for new recruits. But you might not be the best candidate for that because, for example, you are too old. Even if you are the right age, perhaps you are not in the kind of physical shape to deal with the rigors of the job.
Perhaps you’ve just graduated college, with a good bit of debt, but employers want something more than just your raw brain to train. They want built-in expertise that you don’t have.
Therefore, you feel you have nowhere to turn. The natural instinct is to blame.
However, there are many ways out there to take your problem into your own hands, and help others do the same. For one of the best, visit www.bign.com/pbilodeau.
The economy is going through a transition to the information age. As Brooks points out, it went through something similar in the 1880s, when it transitioned from an agriculture base to an industrial base.
“America still has great resources at the local and social level,” Brooks writes. He believes local is more powerful.
When a natural disaster befalls us, we must decide to rebuild or move. The choice is clearly in our hands. In this era, we have choices. The choice to be a victim is not healthy. The choice to take matters into our own hands, perhaps with the help of great local resources, is preferable.
Doing so may mean changing what you did, and how you did it, or getting used to something new, different and, at least at first, uncomfortable. But it can be done if you just look for the right vehicle for you.
If you have the urge to blame, remember this: You can’t embrace what is gone forever. But it can help you embrace what comes next.
Peter
CHEAPER GASOLINE PUMPS ALL OF US UP
#cheapoil #OPEC #gasprices
The elements of an improving economy may not be obvious to everyone.
But the shrinking price of gasoline certainly is.
In fact, gasoline is as cheap as it has been in many years.
Why is it so cheap and how long are these prices expected to last?
On Thanksgiving Day 2014, OPEC (the Organization of Petroleum Exporting Countries) decided not to cut crude oil production to raise prices.
On top of that, the United States, Canada and other regions are producing more oil, according to an article by Rick Jervis for USA Today. His article appeared in the Tennessean newspaper in Nashville Nov. 23, 2014, prior to the OPEC meeting on Thanksgiving.
Jervis’ article pointed out that while OPEC could still influence the oil market, it doesn’t have as much clout as it did years ago. In fact, a decision by OPEC – whatever that was – would have made the front page of every U.S. newspaper years ago. On Friday, newspapers ran the story but most ran it on the inside, or on the front of the business section.
Sure, we are loving paying less at the pump. It’s real money going back into our pockets. Still, the oil industry doesn’t like these low prices. OPEC was between a rock and a hard spot. If it cut production to raise prices, it would encourage more oil exploration in the United States and elsewhere. Getting oil out of the shale and tar sands of North Dakota and Texas, though it has been a blessing for us consumers, is still more expensive than getting it out of the deserts of the Middle East.
The lower prices are discouraging more exploration here and, as Jervis’ article pointed out, OPEC was keenly aware of that. The oil industry is not in business to give us cheap gasoline, though that has been the result of alternative oil sourcing.
Another big bonus for the United States is that it is not so reliant on countries who may not like us much. Though any new skirmish in the Middle East could send oil prices soaring again, it would also encourage more exploration here.
Also, we are using less oil and gasoline here. Vehicles are more fuel efficient. Many vehicles are only partially fueled by gasoline. Some vehicles are not fueled at all by gasoline. Less demand keeps prices down.
And, as The New York Times recently reported, alternative fuels, such as wind and solar power, are becoming nearly as cost-effective as coal and natural gas. That will trend well toward keeping oil and gasoline prices down.
In the last several years, many of us have been hurt by a troubled economy. We’ve been hurt so badly that we don’t see what’s good about today’s economy.
What should we do? First, put the money you are saving at the gas pump into a savings vehicle. It will take you a while to see financial recovery that way, but it would be a start.
Second, if you truly aren’t feeling the good economy, check out the many other ways there are to make money outside of a job. For one of the best, visit www.bign.com/pbilodeau. You’ll find average people making above-average incomes, and helping others do the same.
Just because you can’t see everything happening in the economy doesn’t mean they aren’t happening. The gasoline prices are obvious to all of us. The rising stock market may not be obvious to all.
The lesson for all of us is to be optimistic about the future. Don’t let the naysayers tell you we are heading for hell in a hand basket. The future looks bright. And, you can make your own future bright by taking action you may never have thought of taking. Go for it! You won’t know what there is to gain until you look for it.
Peter