Two Jobs For The Price Of One
Today’s posting with link to article addresses the job market in today’s economy. There is a lot of talk about “saving” jobs or “creating” new jobs by this administration. One area of “new” job creation is alternative energies. As congress discusses global warming and what to do about it, one of the tools used is that it will be good for the job market because it will create new jobs in the emerging alternative energy field. Well, that may be true but, unfortunately, as the following article points out, the wages will not be any where close to those being paid workers in the current job “climate”. In fact, it reminds me of the two guys talking about how many jobs there are available today and the one responds to the other with “yeah, I know; I’m working two of them”. And, if we desire to continue living the standard we have become used to, that is what it will take. In fact, sixty years ago, after WWII was over, there was a spike in the standard of living, simply because many women who went into the workplace while the men went off to war remained on the job and that was the beginning of the two income family. Now, sixty years later, we are beginning to see the two income person!
http://money.cnn.com/2009/06/04/news/economy/green_jobs/index.htm
I guess it is all in how you look at it but, one thing is for sure: if future jobs are paying half of what current jobs are paying, it will mean significantly less disposable income to buy that house or car or to save for retirement and that will translate into a continued down economy for many years to come.
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