Economists say that more hiring is on our way. Well, that is not what we see. Fact is, more firings is what is going on. Unemployment in LA is 13% now. This is the highest in its history, but we keep hearing the same tired old song. Basically, that prosperity is just around the corner. This makes as much sense as a "jobless" recovery. Folks, let me give it straight to you. People need jobs to make money. Without money we cannot go to the store to buy items that are necessary. However, economist seem to forget basic theory of economy.
No comments:
Post a Comment