This wicked recession is throwing roadblocks in the way of many careers. It's not just layoffs knocking people off track. Workers are facing years with few or no pay raises, vanishing bonuses, curtailed retirement contributions, longer hours and a heavier workload.
With the national unemployment rate at nearly 9 percent, most people find they have no choice but to accept more work, stagnant pay and less security, at least for now. But some -- a ...
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Ms.Razzi points out in this timely, if not too realistic, article, that person's making good money, although they have to work harder with longer hours, will have their dreams fulfilled in an economy that's going nowhere fast.
I would agree with the author, but she doesn't mention having children, raising children and sending then off to college, This has to be part of the equation, if you have kids, that is.
In place of 'reduction in standard of living' put 'reduction in use of the worlds resources' because that is what this economic recession is resulting in. You might even substitute 'reduction in production of garbage and pollution". Like it or not, we in the western world are gobbling up the worlds resources and spreading filth into the worlds air and water. We have brought the world to the 59th minute (see blog). This recession may just give us the breating space to ensure we ... More »
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