flyfishnevada
Full time employment: Posting here.
Just like any recession, not everybody feels the pinch. Lot's of people didn't get laid off, didn't take pay cuts and didn't lose benefits. Lots of sectors actually grew and people got raises and promotions. I think you also see those of us still working, even if we took a pay cut (me) adjust to the new income. Eventually, the thing that gets us out of a recession is people losing the fear of the unknown and spending again. Millionaires start investing, middle class folks decide they need a new car. On and on.
the government has never, and will never, get us out of a recession or depression. It usually prolongs them.
Still, its really not a recovery until jobs come back. No such thing as a jobless recovery. Even though those of us with money start spending more, there are a lot of people not spending. They don't have jobs. They are a drag on the economy. We pay taxes to pay their ongoing unemployment and welfare costs. That isn't money generated by the private sector, it was taken from it. Jobs will come back incrementally as the economy picks up, but it won't be a recovery until they do.
the government has never, and will never, get us out of a recession or depression. It usually prolongs them.
Still, its really not a recovery until jobs come back. No such thing as a jobless recovery. Even though those of us with money start spending more, there are a lot of people not spending. They don't have jobs. They are a drag on the economy. We pay taxes to pay their ongoing unemployment and welfare costs. That isn't money generated by the private sector, it was taken from it. Jobs will come back incrementally as the economy picks up, but it won't be a recovery until they do.