(Don't read any further if you are trying to avoid anything negative or depressing. I am just sharing more of what many of us are facing with regards to our employment and financial futures.)
https://money.cnn.com/2008/12/12/news/economy/impact_on_states/index.htm?cnn=ye
One of the sites where I like to read current events and news is cnn.com. This is a recent article that spells out what the consequences have already been due to the financial crisis that the auto industry is experiencing. I posted an article yesterday that ran on the local evening news where an economist claimed that the fallout in the Flint area would not be as bad as widely anticipated. From the report at the link below, it is obvious to me that spreading such "optimism" may be highly misleading.
In addition to our state governments making severe cutbacks, this action trickles down to our schools, which are also cutting budgets and laying off employees. It has been reported recently that the Flint School District is nearly out of money.
Add to all of this the fact that Christmas is but twelve days away. How many will have no Christmas because they have little or none left after trying to keep a roof over their heads and food in their stomachs? Some can't even provide these things for their families due to our tanking economy.
My daughter and I are fortunate at this point. We have a house to stay in until the end of the month and a place to move after that. We have food to eat because I squeeze every penny that I can out of the food stamp benefit we get every month. My daughter receives dependent benefits from Social Security because her dad is on disability.
But I face an ever narrowing job market in trying to obtain employment, and I don't own a car at this point. These will be high hurdles to overcome. I keep telling myself that I will get beyond these. Before I move I will have a moving sale and I hope that I can be successful in paring down my belongings and making some kind of money. If there are those out there that have a little bit extra to spend.
It is time that our government stop aiding the upper echelon and think about all of the others that they are supposed to be representing. We are the majority, the working poor and the other poor that cannot get jobs because there simply are not enough. Even the middle class is becoming extinct.
It is unconscienable that it was supposed to be on the backs of the auto workers to save the big three. What about the minority top executives with their huge bonuses and fat bank accounts? Why not on their backs? An employee makes x amount of dollars an hour and has a mortgage payment that they count on those dollars to pay. What if that pay is cut and there is simply not enough to pay for the house, the car, and the necessities? More home foreclosures, more vehicle repossessions, all on the backs of the workers. I don't think so!
Simply put, if the auto worker loses his or her job then I have little or no chance of getting a job. For every auto worker job that is lost seven to nine other jobs are lost. As it is there are few jobs available that I qualify for. Employers are adding such specific expectations so as to thin out the huge numbers of those that would be applying for the few jobs that there are.
If all this sounds depressing or negative, keep in mind that this is the reality. And if the auto industry tanks, I don't think that any economist in his or her right mind can predict positive things for this county, this state, or this country.
https://money.cnn.com/2008/12/12/news/economy/impact_on_states/index.htm?cnn=ye