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April 28, 2003

Jobless and Hopeless, Many Quit the Labor Force

This NYT article (on Yahoo News) confirms what I've been questioning for quite some time. Our 'unemployment rate' is slightly skewed since it only considers unemployed people who are actively looking for a job. The problem is, a lot of people have given up looking for a job and started looking at other options. Many have stopped looking for a job to stop the hemorrhaging of their self esteem, choosing to wait out this 'dry spell', believing the economy has to turn a corner at some point.

One man said, "The economy has sideswiped me." I found this comment very revealing as I'm sure a majority of the people who were negatively affected by the downturn felt the same way. What that implies is that people thought things would just keep getting better, or at the least, stay the same and spent their money accordingly. More so now, then in any prior American generation, there are no financial guarantees. You really do have to minimize your guaranteed monthly expenditure in case something else unforeseeable happens. Its like all of us younger, middle-classers have to start thinking a little more bohemian, which is probably good anyway. Its all about the necessities, with a very narrow definition of necessity. Its also about making sure you're enjoying life now. Things will get better and then change for the worse again, such is the way of things. The only thing you can count on is uncertainty. We need to learn to structure our lives so that it is not heavily affected by economic upswings and downswings. I think we'll all find this leads to a more self-sufficient, satisfying life overall anyway. With the exception of peer pressure. There will always be those around you that put you down for not having nice things. There is a good friend of mine, who agrees with me about not needing much of what society says. His wife agree(d|s) as well. But her friends keep bugging her about how her husband isn't making the big bucks yet, providing her with a nice car, house, clothes, etc... Its tough on her to fight this constant bombardment of criticizing her chosen way of life. This may sound like I'm talking about myself, but I'm not. My wife and I continually agree on this topic.

So what now?

Posted by wonko at April 28, 2003 05:20 PM

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Comments

What, no credit for sending you the article? Tish tosh... :-)

Posted by: David Pisoni at April 28, 2003 06:10 PM

The only thing I can say is if you want to work you can! Now that may sound harsh but I believe it's true and this is why:
If you can't find work you're either lazy or your letting your pride get in the way. If your lazy then sit back on the couch and eat those potato chips. If you're pride is getting in the way then sit back on the couch and starve to death! The point is that there is enough work out there for everyone. You might not get to run the finance company at your local Fortune 100 company but you can flip burgers at McDonalds right? Oh yea you're over qualified I forgot. And I know, working at McDonalds will not pay your 4000 mortgage or the payment on your BMW, I understand that. But the banks going to come take those if you don't do something now (that is if they have not already knocked down your door). Maybe you have to work 3 jobs and if you have all that over experience we were just talking about then I'm sure you'll do just fine in working yourself up to management.
I agree with what Wonko has said here in that we should definitely cut down on our case of STUFFITUS. It's stuffitus that got us in this situation in the first place. It's our need to need.
You're thinking now who does this guy think he is and on what basis can he make these claims, well I'll come out and tell ya if you really wanted to know. Well I was laid off 3 times last year and each time I was laid off I had another job. First was with the Phone Company which laid me off due to downsizing. Second I found a software company which moved me out of state only to 3 months later lay me off near penniless. Third was a web development company (that wasn't cnation) which just plain went out of business. I looked and looked for work and ended up working for 1/3rd of my pay for an Industrial Filter Company. From there I moved out of state and went to work for another technology company who when I'd go to the bank to cash my payroll check I was told that they could not cash it. So I left and kicked my pride in the keester and got a job at Starbucks....that's right for 6.00 an hour. I then moved up to work for self storage company making 8.00 an hour. I was on my way back! Now I am working again and generating the income which I was making before. Through all of this I downsized drastically I own out right 2 used cars and my only bills now are my rent, electric, and insurance....the rest goes to savings for when I get laid off again.
Now I know you maybe thinking that this was only a small part of what Wonko was saying but I believe it's completely what he was saying. This is the root of it. This sounds totally and overly optimistic (and almost ridiculous) but the economy is only bad if you think it's bad. If you get rid of that BMW and that 4000 a month house your living in then you won't be complaining when you're losing that job that you were UNDER QUALIFIED for in the first place.

Posted by: obigabu at April 29, 2003 02:32 PM

Yes, I think your thoughts are highly naive. To say there is no recession is ludicrous. There are those like us, who have a lot of flexibility on what we spend, but what people with kids. Kids cost money, you need to provide for them, and they don't make money on their own. A recession can definitely hurt a family. But I'm not sure I can argue this point with you. If you choose not to believe in what is real, that is your own prerogative. Some people definitely become successful that way, but others are not so lucky.

Posted by: Wonko at April 29, 2003 04:05 PM

Sure that's called "The Victim Mantality"

Posted by: obigabu at April 29, 2003 04:25 PM

Thats one way to see it. I think there are definitely people who have the 'victim mentality', but not all. The line that gets beaten into our conscious about all those people who aren't even trying to take care of themselves, "I mean why don't they just go get a job", this Limbaughesque argument is nothing more than propaganda. Its easy to talk about how easy life is when you're a millionaire. If I agreed without current financial system, I'd probably agree with you.

Our current capitalistic system encourages survival of the fittest, at almost any expense. To quote Walter Matthau in Fail-Safe, "Those strong enough to survive are the only ones who SHOULD survive." There are many who believe this to be true.

I believe we are all in this together and an ideal society would be more community based, rather than ME based. In this case, the wildly disproportionate distribution of wealth (see The L-curve), does nothing for our deteriorating human condition.

Posted by: Wonko at May 1, 2003 02:46 PM

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