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Jobs are out there for those with the right skills. If you can't get anything better than $7.50 I would suggest building a new skill set.
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I'm working on it.
However, even those with the "right" skills get laid off to save the company a few bucks. They then can look forward to 3+ months looking for a new job. Living off severance is a great motivation to spend money.
Besides, I thought stock prospectors were responsible for recessions. They were responsible for the great depression, right? Or was it the consumer there too? Overinflate everything and then burst the bubble. Isn't that the way things go?
The consumer is the one who pulls us out of recessions. It's the people who gamble on the stock market and/or inflate financial statements who cause them.