Originally posted by Sondjata
I'm self employed because I see the economic train wreck about to happen to the portion of the middle class dependent on paychecks. I know many other people who see the writing on the wall too. But the reality is that most people will never be self employed...wait till those Boomers retire...it's not going to be pretty.
You're scaring me. This is all things I know to be true but I'm worried I won't be financially stable enough to be self employed in time for the eminent financial collapse.
The stories are everywhere. Companies are cutting employees because they have an excuse to do so. They've found ways to increase productivity and cut work-force, thats great! I'm all for getting rid of the dead weight. But when THOUSANDS of companies do it at the same time under the guise of "staying profitable", it becomes a major problem. Many of the companies doing the cutting are making more profit than ever. Whats more, these same companies are producing MORE goods than they were before the recession. (Think DEFLATION, the worst disaster any economy can suffer)... Now Add to this the fact that manufacturing is offshored, and now ANY INTELLECTUAL PRODUCT can be simply offshored.
Ironically, its because of the internet and all the wonderful technology that our IT industry has created... Remember bragging to your boss, two years ago, that you can just work from home now, thanks to the internet? Who knew back then that it meant corporations would just cut us and replace us with a foreign worker at less than 1/3 the pay.
Also, why go to College if all it does is teach you how to produce INTELECTUAL PRODUCTS??? Plumbers now make more than Engineers and IT people (unless of course your on the coveted H1B visa).
Here's the million dollar question: These companies make products that sell primarily to developed nations. Who's going to buy all these products if we're all out of work? CEOs and execs are cutting off the nose despite the face!!!! They're either completely retarded or completely motivated by greed if they can't see that! If every company does this (and it sure appears that they all are), they will also have to lower the cost of their goods in order to sell them to the people that are employed (remember, they are making 1/3rd the money!!!)....
We're screwed. I'm moving to Japan... They refuse to buy foreign goods in Japan.