Thursday, April 18, 2013

Employment Grows on the Tree of Patience

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Let's face it, the current economy has lead us all into a financial crisis. Many companies have downsized because they cannot afford to pay all of their employees and still keep up with the skyrocketing cost of business. The tragic part is that youth and older workers are the most vulnerable to unemployment in this economic turn down.

It can be downright hard for a teen to land any job, let alone a good job. Major Newspapers report unemployment among Americans aged 16 to 19 was 23.8% in July after hitting a 25 year high of 24% in June, the government said last week. Unemployment among 16 to 19 year olds hit as high as 20.5% in the summer of 2008.

Traditional teenage jobs are now drawing competition, for example, from "stay-at-home moms" looking to boost the family income and retirees seeking to augment their pension.

Families are struggling to put food on the table, the high price of gas is sucking away their money, and frankly even the most wealthy businesses are going bankrupt. And we Americans feel powerless against this nationwide recession.

Since currency is a key fundamental of society, when the nation's financial grounding is disrupted, it becomes like a domino effect destroying everything in it's path. It's not quite clear how all of it started, or what went wrong but we surely can't point figures and try to hand out blame. Everyone and everything in this entire country somehow contributed to this demise.

One thing is for sure, we have got to do something. There is no sense in wallowing in poverty nor is it acceptable to think the government is going to magically fix the massive deficit. Right now, each and every one of us has to stay strong.

We have learned to adapt, and manage the costs of living somehow or another. Soon enough the economy will start to improve and finances won't be so menacing anymore. But for now, cherish what is important to you because the best things in life cannot be bought.

I'll leave you with this famous quote,

"Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one." - Benjamin Franklin

David Bruce is a Frederick Maryland blogger who writes about Employment in Frederick Maryland.

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