On the way to work this morning I was listening to two people on the radio go on and on about the economy and unemployment. Their contention was as soon as the economy starts to grow again companies will begin to rehire employees and unemployment will drop. Votejeffjones
I was just starting to agree with what they were saying when I noticed the garbage truck in front of me. It was at that point I begin to realize that the garbage truck epitomizes the economy and the state of modern business. Productionims I am not talking about our economy being in the trash nor am I saying that business is going to the landfill. That is an argument that has more political overtones to it than I care to debate. For this discussion let’s focus on the garbage truck. Do you remember your typical garbage truck picking up trash in your residential neighborhood several years ago? In our community it involved a large garbage truck, one driver and two people riding on the back. Lartisanfrenchbakery
Then the economy went through a small downturn and the garbage companies had to make changes to economize and stay profitable. To do this they restructured their organization and downsized which resulted in one of the two trash handlers on the back of the truck going through an economic layoff. To make this new corporate structure succeed they sent notices to all their customers limiting the number of trashcans that could be placed curbside on trash day to two cans. Bodyshopdublinoh As the economy continued to stumble and the garbage companies struggled to make a profit for their investors they had to look at other cost cutting measures. The next major change came with the customers receiving notice that the garbage pickup days were being reduced from 2 days per week down to one day per week but the limit of 2 trashcans per pickup remained.
Then the economy collapsed and the garbage company had to take drastic cost cutting steps to continue operation. Myflickbooks They supplied each of their customers with a special standardized garbage can which could be picked up by a special automated garbage truck. Now the only person needed on the truck was the driver.
The result was the last of the trash handlers being unemployed. Now as the economy starts its slow change from a failing economy to one that is beginning to show signs of growth do you thinks the garbage company is going to rehire the trash handlers they laid off? When the garbage company begins showing strong profits will they increase the days of pickup? They have learned to operate more efficiently, doing the same amount of work using less resources and cost. Zacharyzavislak The United States has been in a recession since December, 2007, as defined by the National Bureau of Economic Research, a private, nonprofit research organization. But the American people, and the Obama administration along with the democrat majority congress, seem to be at odds on how to fix the US economy. Aquarian-gardens
A robust US economy means companies expand which results in job creation. Currently, the American people are not spending because many are not working, and those who are working are spending less, most likely due to the possibility of losing their job. Current unemployment rate stands at 10.2% as of October, 2009. A decrease in spending by the American people results in a decrease in company profits, company non expansion, and more layoffs. Reporting on a survey by Watson Wyatt, a consulting firm, the HRSpecialist.com reported in November of 2008 that one-fourth of U.S. employers plan to have staff reductions during the following calendar year. We are now seeing this come to fruition for 2009. Dadogalvao