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  engineer3 months, 1 week ago

  As automakers dropped their latest batch of awful sales numbers on the market on Tuesday, reinforcing the gloom spreading across the economy, the troubles confronting American workers seemed to intensify.

  Plummeting home prices have in recent months eliminated jobs for hundreds of thousands of people, from bankers and real estate agents to construction workers and furniture manufacturers. Tighter lending standards imposed by banks in the wake of huge mortgage losses have made it hard for many Americans to secure credit â;; the lifeblood of expansion in recent years â;; crimping the appetite of consumers, whose spending amounts to 70 percent of the economy.

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  bigurn3 months, 1 week ago

  Also, 600,000 high school graduates are failing to find work as the minimum wage employers respond to Congress' wage hike by automating to reduce head count.

  Thanks, Congress.

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  texangelwings3 months, 1 week ago

  Stop allowing foreign workers to come an work, until America creates more jobs for the American workers! This sounds just like the beginning of the Great Depression. My father told me that hundreds of people in his area lost jobs in the city and worked on farms in exchange for food and sometimes a place to sleep. The big homes in his hometown became boarding houses. The 1910 census reflected many people living together, without being related!

  Thanks engineer! Another soapbox...lol!

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