Job Security

In recent news, Microsoft (10,000) and Amazon (18,000) laid off thousands of employees.

There was a time going back to the1950's 1960's you landed a job at a well-established company; you were set until you were ready to retire. But in today's economic-driven environment, it is more prevalent that the bigger the company, the more chance you have of being laid off. And the much smaller business is the one to retire from.  Having a job has always been a necessary part of making a living to pay the bills, but if you're in the job market looking for the perfect job. I'll have to say they do not exist. There will always be a boardroom of decision makers to decide about layoffs or the large, more profitable companies with specialized teams to seek and find another company to buy out. The big fish eats the smaller fish reality, it's a brutal business. 

My generation has experienced excellent companies that care for 20-year employees; I believe future generations will only experience working for a place for about 5 years. 

Job security has been redefined as working at most 10 years in one place. Sad as it may seem, it's the truth.

Photo - pixabay - geralt

Rebuilding

In the upcoming months what will it take to rebuild?

Once the businesses start to fully open, we will have to go out and support the businesses in our local economy. The support we give by spending our dollars in these businesses will open the opportunity for employees to come back to work, for vendors to start selling and delivering supplies. This action will have a ripple effect. Our time out spending will greatly affect our nation's economy. 

Next, I believe it is important to buy American, buy the products made in the USA and again the effect - employment opportunities and the economy grows in our own country. We should be able to support ourselves as a nation and not depend on another county for products that could easily be produced here.

The Usual Business

           

Continuing with the pandemic posts

Next, How will this affect the economy of the United States and World?

First allow me to give a disclaimer I am not an economist 😄 
this is just my opinion like everything else in this blog.

The economy has clearly tanked unemployment is on the rise. Businesses are closing. As grim as this sounds, I believe we will rebound. How? one thing that will happen is people will come out of their home to spend money. Six weeks of not going to restaurants, shopping in the local mall, and the list could go on.... 

I have seen some of the local favorite restaurants in a semi-open carry out only. Once the stay at home order is lifted these places will be pack with people spending money. The result, employees back to work, the vendor's delivering supplies making sales, the farmers who sell to the vendors back to work in the fields.  And the heartbeat of the economy starts to beating again. We will survives this, it might take awhile but we will be stronger and thriving again.