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Author Topic: My PERSONAL OPINION on the economic crisis  (Read 8813 times)

marcj

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My PERSONAL OPINION on the economic crisis
« on: March 22, 2009, 11:41:02 PM »

Every time I turn on the TV for the past year all I hear about is economy is going to shit.. companies are reducing employees to minimal staff. etc.

So here's my outlook on the whole deal;
Personally I haven't noticed a change at all, but then again I'm just a college student that has always been self employed by working here on the web. My revenue still comes in steady.

All these sissy ass investors are all over my TV crying about the stock market failure; These are the same people who make (or made) tens of millions a year just investing money. GUESS WHAT?! too fucking bad you're not making that anymore. If you have a solid job in demand, and you ACTUALLY work for a living, you don't have to worry because as long as people need what you do, you're golden.

This is all fresh in my mind today because I was talking to a buddy at his shop today, he told me about the business owner across from him lost all of his contracted work, a few million a year worth, and ended up shooting himself with a note saying he couldn't go back to living like everyone else. That's sad these fuckbags can't suck it up and work like a normal person.

/rant
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chris

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Re: My PERSONAL OPINION on the economic crisis
« Reply #1 on: March 22, 2009, 11:48:59 PM »

All my friends who moved to san diego finally left due to not being able to find work. All have 4 year degrees and were trying to get naything. All 3 moved back to the bay area and got Jobs in a month.
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marcj

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Re: My PERSONAL OPINION on the economic crisis
« Reply #2 on: March 22, 2009, 11:53:08 PM »

what kind of job were you in?  

the people that are really hurting are the ones who were doing a job that wasn't exactly any kind of requirement to sustain life comfortably. example; my friend who was doing wood flooring.. guess what? people don't NEED wood flooring. All these people with money decide they no longer want to make plans for a wood flooring install since everyone thinks the economy is about to crash.

my point is, if he started a business people actually need, he wouldn't have a problem.

you can go take classes for a few months and be a nursing assistant making 13+ an hour
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90dx

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Re: My PERSONAL OPINION on the economic crisis
« Reply #3 on: March 22, 2009, 11:59:30 PM »

Honestly your insight is useless as your a student who spends his time in the web not in the real world.I realize that sounds rude not really trying to be but i dont think you comprehend the situation in the slightest.
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bluerex

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Re: My PERSONAL OPINION on the economic crisis
« Reply #4 on: March 23, 2009, 12:08:24 AM »

Both places I work at have slowed down considerably.  What really sucks is that gas went down, but everything else has stayed up.

mike, grow pot in norcal.  Isn't there some county that lets you grow up to 25 plants legally there?

marcj

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Re: My PERSONAL OPINION on the economic crisis
« Reply #5 on: March 23, 2009, 12:13:40 AM »

Honestly your insight is useless as your a student who spends his time in the web not in the real world.I realize that sounds rude not really trying to be but i dont think you comprehend the situation in the slightest.

I've got a 2 year associate of arts degree as a biology major, working on my bachelors in nursing and then going to med school while I work as an administrative nurse. nursing and physicians graduates spend 2 years doing a residency (on job training) before they work on their own.
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90dx

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Re: My PERSONAL OPINION on the economic crisis
« Reply #6 on: March 23, 2009, 12:22:25 AM »

Honestly your insight is useless as your a student who spends his time in the web not in the real world.I realize that sounds rude not really trying to be but i dont think you comprehend the situation in the slightest.

I've got a 2 year associate of arts degree as a biology major, working on my bachelors in nursing and then going to med school while I work as an administrative nurse. nursing and physicians graduates spend 2 years doing a residency (on job training) before they work on their own.


Sounds like a solid plan you have and im sure you will find a great career ahead of you.The remarks were not aimed at insulting your education/intelligence.
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Colin

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Re: My PERSONAL OPINION on the economic crisis
« Reply #7 on: March 23, 2009, 12:28:45 AM »

I work for a company that makes toys for the military. What failing economy?
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marcj

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Re: My PERSONAL OPINION on the economic crisis
« Reply #8 on: March 23, 2009, 12:44:16 AM »


I still might just go to grad school after I graduate.  I don't know if I can handle putting off life that long, though.

yeah, that's why i'm going the route i'm in.. I didn't feel like going straight through with my 4 year biology degree, just to do another 4 in med school without a job. at least this way I can work 3 days a week during the last 4 and pull a good income
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chris

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Re: My PERSONAL OPINION on the economic crisis
« Reply #9 on: March 23, 2009, 01:57:28 AM »

Some counties in California are up to almost 15 percent unemployment. Statewide its almost 11 percent.


The people who left San Diego all had 4 year degrees from San Diego State hardly bums. Moved back to the Bay area and they all got work not great ones is working at an upscale grocery store selling wine but atleast its a JOb.


California is really bad hell the state is Bankrupt that should tell you something. Cities are declaring bankruptcy its a mess.
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realAgentMurdoc

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Re: My PERSONAL OPINION on the economic crisis
« Reply #10 on: March 23, 2009, 03:58:16 AM »

op... imo, your view is retarded... you are just fortunate enough to be able to sustain yourself via your self employment.  You wouldn't be saying this if you were selling something else that people decided it was a leisure item that they could live without. 

it's not a matter if an individual is in the right field or not... it's the employer... not to mention the vicinity where one resides makes a huge difference also

i.e.  SoCal... Nurse with like 30 years experience is having a hard time finding work.  booming field right?  She has to travel just to work and it's not even everyday.


I like you don't feel the impact on myself being that I am a gambler and I hustle on the side, but I am not oblivious to the effects of the economic crisis

another i.e. convenience store, opened in 89.  survived the recession of 90ish and 00ish.  hit with this one and may not survive.  This person works every day for 18 hours a day cause labor is another expense that cannot be spared.  Not to mention rent keep going up.  Might lose EVERYTHING because of THIS economic crisis.

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Tim

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Re: My PERSONAL OPINION on the economic crisis
« Reply #11 on: March 23, 2009, 07:59:32 AM »

I have also not noticed, but to say that it means nothing has happened is naive.  Alot of my friends and family that work in larger corperations are talking about massive layoffs.  My software developer that has a full time employment for another large corperation said they just experienced 20% layoffs across the board with more expected.  They all seem to have the same opinion that most of it is being caused by panic blowing shit out of proportion, but shit is deffinately changing non the less.



And do people really NEED the internet or whatever you do for a living?  There are an aweful lot of jobs you can look at subjectively that it is not something people need so by your logic it's the workers fault for getting into that industry.
« Last Edit: March 23, 2009, 09:28:28 AM by Tim »
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BlackDragon

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Re: My PERSONAL OPINION on the economic crisis
« Reply #12 on: March 23, 2009, 08:40:36 AM »

Every time I turn on the TV for the past year all I hear about is economy is going to shit.. companies are reducing employees to minimal staff. etc.

So here's my outlook on the whole deal;
Personally I haven't noticed a change at all, but then again I'm just a college student that has always been self employed by working here on the web. My revenue still comes in steady.

All these sissy ass investors are all over my TV crying about the stock market failure; These are the same people who make (or made) tens of millions a year just investing money. GUESS WHAT?! too fucking bad you're not making that anymore. If you have a solid job in demand, and you ACTUALLY work for a living, you don't have to worry because as long as people need what you do, you're golden.

This is all fresh in my mind today because I was talking to a buddy at his shop today, he told me about the business owner across from him lost all of his contracted work, a few million a year worth, and ended up shooting himself with a note saying he couldn't go back to living like everyone else. That's sad these fuckbags can't suck it up and work like a normal person.

/rant

i'm sorry but you really can't say anything because your not out in the real world right now. There are lot of people in trouble and almost everyone everywhere are being effected. It really doesn't matter what job you think you need to have. Read the newspaper or the watch the news more on the reason why its happening.  You said if your in a business that people need you wont be effected.

here a list of companies that went bankrupt
http://en.wikipedia.org/wiki/Category:Companies_disestablished_in_2009
http://en.wikipedia.org/wiki/Category:Companies_bankrupted_during_the_Late_2000s_Recession

list of companies that going to go bankrupt

http://finance.yahoo.com/news/15-Companies-That-Might-Not-usnews-14279875.html

now some of these companies involved sales like Toys, Clothes, and electronics. Who doesn't need any of that??
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Logan76

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Re: My PERSONAL OPINION on the economic crisis
« Reply #13 on: March 23, 2009, 09:34:09 AM »

It was said that it's the employees fault for not getting into an industry that is a "need", How so? Who determines what is a "want" and what is a "need"? I work for a company that rebuilds fluid pumps for power plants, steel mills, sewage treatment facilities, mines, paper mills, etc. I have been laid off four months and a few of my co-workers have been laid off longer. Last time I checked people "need" power?  Did that save me and many others from being laid off? hell no. I'm not trying to piss anyone off here, but the fact of the matter is, things are worse out there than some of you think.
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sushi

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Re: My PERSONAL OPINION on the economic crisis
« Reply #14 on: March 23, 2009, 09:57:57 AM »

Honestly your insight is useless as your a student who spends his time in the web not in the real world.I realize that sounds rude not really trying to be but i dont think you comprehend the situation in the slightest.

Since when has anyone here been worried about being rude?  The OP has no idea what is going on in the real world.  We have mexicans going back across the rio grande because the job market is so bad.  The only reason I am still alive right now is because of guvment cheese and my family is awesome.
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BoostedSchemes

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Re: My PERSONAL OPINION on the economic crisis
« Reply #15 on: March 23, 2009, 10:23:25 AM »

my mom has been laid of 3x now.... she keeps getting lucky and finding more work but its really hard for someone with several kids and a LOT of bills to go two weeks without a paycheck. she works for the trading floor at UBS right now and they laid off most of the people working for her... then her direct superior... now she knows shes next soon and there wont be anyone left to do the NECESSARY work they did... but the company cant afford to keep people around, all they can do is keep the top FEW traders/transaction specialists and keep hoping they make them a few hundred grand a day otherwise they will close down their US offices even further... and this is a company that grosses hundreds of billions of dollars. The big players are forced to play small ball now.
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ApexSilver06MR

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Re: My PERSONAL OPINION on the economic crisis
« Reply #16 on: March 23, 2009, 11:05:05 AM »

as i have been saying for the past year, and i will be saying this for the next 1.5-2 years.  Economy is fucked up.  But, the forclosure market it keeping my ass super busy. 


when the economy does get better, i may be letting a few guys go.. 
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N1ghtM0nkey

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Re: My PERSONAL OPINION on the economic crisis
« Reply #17 on: March 23, 2009, 11:58:17 AM »

I don't notice it anymore now that I'm unemployed, because I'm no longer in the real world either.

When this whole thing hit I lost about 50% of my hours at work, 3 of my room mates moved out because they couldn't afford what little rent there was, then the house started to go through the foreclosure process when I finally tapped out and moved.

Now I'm trying to find a new job and pick up the pieces, and so far it hasn't been easy.


Also, traders on Wall St. can make money regardless of which direction the market is going.  The only thing that matters is if the market is moving at all.  If the market is going down and they know which areas are being hit the hardest, then I'd say it's actually easier to make money in that environment.

RotaryGeek

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Re: My PERSONAL OPINION on the economic crisis
« Reply #18 on: March 23, 2009, 12:19:44 PM »

Business has never been better for me. There is a big increase in criminals and a decrease in corectional officers to control them. We (as in the entire texas department of criminal justice) are getting a 20% payraise im febuary next year. I make correctional officer 4 in a couple months and that is like a 12% raise. Granted after tax and evrything im only bringing home $1850 a month, but there is a hell of a lot of job security in my feild.
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fysh

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Re: My PERSONAL OPINION on the economic crisis
« Reply #19 on: March 23, 2009, 12:34:06 PM »

I went from a solid 40 hour work week when I started @ the salvage yard last summer to be lucky to make a 12hr paycheck now. You would think a salvage yard would be making a bunch of money when people are trying to "buy cheap" but you'd be wrong. Boss can barely afford payroll because business is so slow. All the money I saved from my tour in Iraq is draining quickly and not sure how much longer I can be sustained by my pathetic paychecks. I would find a new job but its awfully hard to find something to work around my school schedule, considering not many people are hiring and the ones who are have no room for compromise. 

As of recently, I've strongly considered putting my packet in for e-5 (SGT) and going AGR (Active Duty Reservist), just sucks that I would have to leave my friends, family, and school just to have a guaranteed paycheck. seems like a big sacrifice to stay afloat.

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Re: My PERSONAL OPINION on the economic crisis
« Reply #20 on: March 23, 2009, 12:37:15 PM »

Business has never been better for me. There is a big increase in criminals and a decrease in corectional officers to control them. We (as in the entire texas department of criminal justice) are getting a 20% payraise im febuary next year. I make correctional officer 4 in a couple months and that is like a 12% raise. Granted after tax and evrything im only bringing home $1850 a month, but there is a hell of a lot of job security in my feild.

shit  thats nothing here in cali. 

i bring home somewhere between 3-4k a month and im still struggling here.  Might be cause i have too many kids though...
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Logan76

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Re: My PERSONAL OPINION on the economic crisis
« Reply #21 on: March 23, 2009, 12:41:30 PM »

I was making roughly 1200+ each paycheck with all the hours we worked (7 days a week 70+ hours most weeks) and then around November I got put down to 40 hours a week, and then come the end of Dec. they were laying guys off, and since Ive only been there a little over a year and were a Union shop, I got temp. laid off, now im on the damn soup line homie. :somb:
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dvst8r

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Re: My PERSONAL OPINION on the economic crisis
« Reply #22 on: March 23, 2009, 01:26:19 PM »

I FUCKING HATE ALBERTA, in fact I made a thread about it.

BUT until things change economically I am not going anywhere. As there are still good jobs to be had, even with nothing more then a HS education.

To me if you can't find work where you live it is time to pull up stakes, and look elsewhere. There are always jobs out there, just might not be in your town. I have moved no less then 5 times in last 3 years, it sucks every time, but to this point I don't regret a single move.

I agree that the OP doesn't have a clue.

I know more then a couple guys that where working on drill rigs making over 150K a year. Yeah they found new jobs, making $15/hr (working like a normal person), but are on the verge of loosing there homes, as they bought houses that they were comfortable with at 150K a year, and now the market has fallen to the point that even if they CAN sell they will still owe on them. Not only that but RENT out here starts at $900 a month + utilities for a shitty 1 room basement suite. So tell me how a guy on $15 an hour, is supposed to support a family of 4 if he can barley pay more then basic rent on a place that he can't even fit his family in.
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Re: My PERSONAL OPINION on the economic crisis
« Reply #23 on: March 23, 2009, 01:30:14 PM »

I FUCKING HATE ALBERTA, in fact I made a thread about it.

BUT until things change economically I am not going anywhere. As there are still good jobs to be had, even with nothing more then a HS education.

To me if you can't find work where you live it is time to pull up stakes, and look elsewhere. There are always jobs out there, just might not be in your town. I have moved no less then 5 times in last 3 years, it sucks every time, but to this point I don't regret a single move.

I agree that the OP doesn't have a clue.

I know more then a couple guys that where working on drill rigs making over 150K a year. Yeah they found new jobs, making $15/hr (working like a normal person), but are on the verge of loosing there homes, as they bought houses that they were comfortable with at 150K a year, and now the market has fallen to the point that even if they CAN sell they will still owe on them. Not only that but RENT out here starts at $900 a month + utilities for a shitty 1 room basement suite. So tell me how a guy on $15 an hour, is supposed to support a family of 4 if he can barley pay more then basic rent on a place that he can't even fit his family in.


shit.  in the bay area, you are looking at 1200-1500 for a 1 bedroom apt.  shit sucks.  thats why i moved into sacramento, i rent a 3 bedroom 2 bath, 2 car garage for 1250 a month
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Re: My PERSONAL OPINION on the economic crisis
« Reply #24 on: March 23, 2009, 01:47:52 PM »

Damn i rent a 2 bd 2 bath trailer with water paid for $390 month plus its on 2 acres of land so i can shoot my guns whenever i want.
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Re: My PERSONAL OPINION on the economic crisis
« Reply #25 on: March 23, 2009, 02:02:30 PM »

i thought obongo already fixed this problem  :-[
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Re: My PERSONAL OPINION on the economic crisis
« Reply #26 on: March 23, 2009, 02:11:37 PM »

I FUCKING HATE ALBERTA, in fact I made a thread about it.

BUT until things change economically I am not going anywhere. As there are still good jobs to be had, even with nothing more then a HS education.

To me if you can't find work where you live it is time to pull up stakes, and look elsewhere. There are always jobs out there, just might not be in your town. I have moved no less then 5 times in last 3 years, it sucks every time, but to this point I don't regret a single move.

I agree that the OP doesn't have a clue.

I know more then a couple guys that where working on drill rigs making over 150K a year. Yeah they found new jobs, making $15/hr (working like a normal person), but are on the verge of loosing there homes, as they bought houses that they were comfortable with at 150K a year, and now the market has fallen to the point that even if they CAN sell they will still owe on them. Not only that but RENT out here starts at $900 a month + utilities for a shitty 1 room basement suite. So tell me how a guy on $15 an hour, is supposed to support a family of 4 if he can barley pay more then basic rent on a place that he can't even fit his family in.


shit.  in the bay area, you are looking at 1200-1500 for a 1 bedroom apt.  shit sucks.  thats why i moved into sacramento, i rent a 3 bedroom 2 bath, 2 car garage for 1250 a month

I pay ~ 2000 a month for the same thing
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Re: My PERSONAL OPINION on the economic crisis
« Reply #27 on: March 23, 2009, 05:53:49 PM »

I feel bad for everyone that got hit hard in this recession. My family has remained insulated mostly because I have a govt job. When things get tight financially I usually try to remember the things that make me truly happy. Also we have it much better then some of the other countries, as far as standard of living goes. To marcj I don't want to pop your bubble but residency is longer then that 1.  and 2 I don't know a single person who works during med school, not one. The reason is that it would make it exceedingly difficult to do well enough to get a decent specialty, and even if you did do it you would not make enough to make it worth it because of the limitation on the hours you can work. Classes run about 8hrs a day M-F, then you get to study to actually learn the material.
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Re: My PERSONAL OPINION on the economic crisis
« Reply #28 on: March 23, 2009, 08:14:28 PM »

Things are wierd on the tuning front.  I didn't do shit for three weeks, made $1500 last week just tuning.  Today I hosed some viruses out of a desktop computer, and fixed an Accord TCU.  In the morning I do some wiring and build a conversion harness for a Mazda.  There's work out there but it's not always "what I'd like to do," or what pays best (I hate working for a living like the rest of you).

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Re: My PERSONAL OPINION on the economic crisis
« Reply #29 on: March 23, 2009, 08:24:39 PM »

My company currently looking for employees with at least 5 well paying job openings.  We need mechanics, mechanical engineers, IT VB programmer, machinists and quality technicians.  We make hgh end seals for aerospace and the nuclear industry.  Jet engines and nuclear generators are always going to need replacement seals.  Like it was said earlier, if your in the luxury market your fucked.
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