Layoffs upon Layoffs.
I've never seen anything like it. First, yesterday's paper's headline shouted "One day, 40,000 job cuts" for household names like Caterpillar, Home Depot and Sprint Nextel. Then the news bulletin alert on my email stated that Mayor Vernor was planning nine layoffs in the building department, because of lack of new homes being built.
Today, Boeing announced 10,000 layoffs for this year and Starbucks added to that number, 6,000. We are in dire straits, folks. There is not one family that has escaped this cutting jobs theme. My son was laid off two weeks ago, in a small branch office where they laid off 30% of their employees. This morning's news relayed the tragic effects that layoffs can have – a father/husband killed his wife, their five children, and himself because both he and his wife were laid off this week.
It's increasingly worrisome. Add this to the fact that all of us who are working have watched our savings and 401(k)'s take a big hit and our dreams of retiring are looking grim. And what must it be like for those who have retired and are living on a fixed income with a dwindling retirement backup plan?
What is the solution? How can we keep our heads above the panic line?
I am grateful I do have a job, and a job that I enjoy – but what happens when people can't find a job, when Avista keeps raising its rates, when the economy tanks, and bail outs seem to be only for the big multi-millionaire companies and not for the small families, the homeless, the poor, even the middle class. What happens to . . . . me?