Many families with jobs but whose income has been reduced are finding they can’t make it. They have to make the difficult choices of spending less within their budget making it a tremendous challenge.
Millions of Americans are earning less. They are the jobless—but also those who can only get part-time work, those who have landed new jobs with lower salaries than what they once earned and others simply getting smaller paychecks in the jobs they’ve had all along.
More than 9 million people are currently in that situation, including workers whose hours had been cut because of slack business conditions.
Nationwide, half of employers froze pay for at least some workers last year and others made salary cuts, according to a survey by World at Work.
The downward pressure on wages caused by the job competition in today’s market, ripples through the economy to grocery stores, retailers and businesses getting less money from reduced-income customers.
This economy still has a long way to go before we see real sustainable relief.
However, not everyone is experiencing these conditions. Some are stable. Those that are will be able to reap the rewards that come with investing in a down market. Look for the treasures and you will find them. For inventory email me at mbracket@hotmail.com
6/13/2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment