The next four years are going to be a painful reminder by the real economy that Hope and Change are not respected by the rules of economics.
Gonna be a lot of unemployed and poorer people each and every day. This is going downhill until it isn’t, which is to say that the earliest we can have an upturn is when the Government changes hands at some level (2014).
Until then, businesses just have to keep chopping off their own limbs in order to survive.
Indeed. I have moved in to a sector that should be the safest bet the next 4 years.
My only overhead is the operating expenses of my truck and my internet connection.
I stock less than 500 dollars worth of inventory (and that is a lot for my field) and I can get most anything I need from local suppliers.
I sell my time. It costs me nothing to get, and if it sits it does age. (some say I age well)
As long as the field I am in has reliable clients (medical, trash removal, all aspects of retail) I’ll weather the storm.
I suspect Hostess is just one of many union shops that will fold over the next 4 years.
I heard one Hostess driver say yesterday that the teamsters will be able to place half of them in new jobs.
The teamsters has that many open positions in other companies? Doubtful at best. I feel bad for the drivers. They accepted the pay cuts to keep hostess alive.
The greedy bakers union is to blame. (and the members that voted for the strike)