Friday, November 20, 2009

More Questions About The Economic Recession

Here are some more questions to think about

1.) What are your feelings about company employees taking a pay cut in order to prevent coworkers from being laid off? Should administration take a large pay cut than the average employee?

2.) What lifestyle changes have you or your family made because of the economic recession? What impact did this personaly have on you?

3.) With minimal job opportunities available, what alternatives do people have that are seeking employment?

5 comments:

  1. Jacqueline Trabish
    My family and I are definitely more aware of how we spend our money. A few years ago, before money was tight, I was always at the mall buying new clothes but because prices have gone up and my job started giving me less hours, I started percussing less clothes. When I bought clothes I was looking at the sale rack and trying to find good deals. My parents however have cut back on the extras. Essentials, such as food have not been or will ever be cut back on. It is not as though my family is not able to afford the extras but, we would rather save on extra expenses for a rainy day.

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  2. My family and I, too, are more aware of how we spend our money. We have already discussed how we were going to spend the upcoming Christmas holiday. We are not going to splurge on anything we do not need. We are also eating out and taking out from restaurants less often.
    -Maddie

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  3. I know my familytoo has been way more conscious of our own spendings. My mom actually recently got a promotion, but she was telling me how many people at her job got laid off. I think this showed the value of education, especially for women

    Kimberly Wabik

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  4. My family and I do not have extra spending money anymore. We are all working. My mother is working at two jobs to make ends meet. This is a drastic lifestyle change for my family. Even as of two years ago my parents only worked one job each, and I was able to be a full time student without having to work on the side. The recession has definitely impacted our lifestyle.
    -Taylor

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  5. Very thought provoking questions, the down fall of our economy continues to affect me in both self-conscious and sub-conscious ways. Although my mother has been lucky (she is assistant head of admissions at a private school) and is not victimized due to her job- my step father, is suffering severely. He drives a truck, and throughout the 30 years he has had in his career this recession has slammed his income tremendously. Due to the fact that public consumers are spending less money, the need for bulk load transportation and low budget's per load put's him, like many other's, in a major dilemma.

    Overall, the recession has made me more aware of the economy, politics in the knowledge sense, and also grateful for my mother's secured income compared to those suffering. The recession has also brought about a lot of pensive thinking regarding sociology of the family and how different class systems, races, genders, etc. have been affected on various levels. It's important to examine not just the macro population of our country, but how the recession has affected sub-issues, women in the workforce being laid off? Blue collar working class families who make even smaller pay, and struggle to put food on the table. The wealthy, upper class who are not as affected to the majority of the population which has been dramatically affected. The subject also brings thought to global issues. While everyone is in panic mode within the u.s during this time, what is a normal everyday life for a homeless child in India? Whom never had a secure income or necessities in the first place.

    Considering our country has been affected by the by the economy for nearly two years (in different degrees), imagine what it's like for homeless families in severely poor countries, whom were born into a country with families gripping to survive. These conditions do not occur for a period of time and then improve, these families won't experience better lives within the next few years- forget that, it would take a lifetime...

    -Lindsey Bloomberg
    (Thank you for an interesting topic, it got me thinking...)

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