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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Mike da bear who wrote (11759)	7/25/2003 9:44:52 AM
From: azb111	Read Replies (1) \| Respond to of 306849

The solution is already occurring - 1) people are working 2 service jobs just to make the money they were making before, people fired and now not employed have become "invisible" - that is, they are staying home, not spending money, not doing anything, sitting in the backyard instead of in a hotel, etc. - this will further drag down the economy ... 3) don't forget, there are several lower paying, less skilled, workers living off one high paying or skilled job worker - they work as waitresses, salesmen, newspaper telemarketers, handymen, hotel maids, etc. - in all the areas that unemployeed people cut back their spending ...

To: Mike da bear who wrote (11759)	7/25/2003 11:45:57 AM
From: TheStockFairy	Read Replies (1) \| Respond to of 306849

Well, after 6 months we are hiring in our 6th employee, and I own just a small place. I would estimate that we are going to employ roughly 50 employees after 2 years, 20% of them would be what I would consider high paying jobs. There are 2 other outfits locally that employ roughly 300-400 employees that do the same thing that I do. My comment regarding what are you children going to have do "adapt to the situation" is what they are going to have to do. Just like everyone else. Frankly, if the US is exporting jobs to India, maybe they could look into moving to India to get a job. Maybe that's not the preferred method of gaining employment but you have to do what you have to do. And yeah, you can put 200,000 into my specific importing area, there's already more than that here.