Wednesday, February 1, 2012
Jobs During the Recession
The demand for jobs have been increasing because of the number of jobs lost during the recession. In this article, it shows 5 American cities that have been devastated by recession. These five cities have had barely any job recoveries if any. In cities like Flint, Minnesota, where their economy is primarily based on the automobile industry, the products are scarce, but the demand for the products are scarce. Not many people are looking to buy new cars right now because of the recession, which is hurting Flint, Minnesota because of this the number of jobs recovered are little and the poverty rate has increased. The increasing of the poverty rate put them at one of the worst rates in poverty in America. In Champaign-Urbana, Illinois, most of the jobs lost were government jobs in education because of the budget cuts. If we can't even recover the government jobs, how are we going to recover jobs in private businesses when they aren't given money by the government? People aren't buying as many products as they used to, so small businesses have had to close down and the people who worked there lost their jobs. The demand for jobs is high, but the amount of jobs are low, so we need to create more jobs like bring the factories to America like we said in class. This increase of jobs will help the economy even though the cost of the products produced might increase a little bit. The more jobs created, the better chance the economy will get out of the recession.