"One simple reason why there are fewer jobs, especially in developed countries such as the US, Europe, England, and Japan is because wages are too high. Today, U.S. wages are substantially higher than wages in emerging countries. Why would a business owner want to pay substantially more for a worker when they can higher someone for less money?"
– Excerpt from Robert’s Conspiracy of the Rich bulletin
The new British government has declared war on middle class benefits, the poor, and parents by cutting many cherished social programs...
Unfortunately, politicians see the world in terms of election to election - not in terms of the long run. They'll do whatever it takes to get re-elected. Business people and the rich, however, need to plan for the long term. And they need to see and anticipate the consequences of politicians' short-term, reelection-oriented actions.
Who will lose their jobs in the near future? Anyone who expects to be paid more and do less work that will eventually lose their job. As the bankruptcy of Britain and the US looms, job cuts will come, and high-paying jobs will be the first to go.
The problem is that printing money and creating multi-trillion dollar deficits can't go on forever. The bigger the boom the bigger the bust.
Rather than look for a higher paying job, I continue to recommend starting your own business, educating yourself financially, buying some silver rather than saving cash, and preparing for the worst. If the bust never comes, you'll still be better off in the long run.
If you're prepared, you'll do very well financially. If you're counting on our leaders to save your bacon, I'm afraid you'll be cooked.
Related:
Back In Action
http://howtze.blogspot.com/2010/07/back-in-action_06.html
