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Peculiarly, JOBS doesn't tell much. A job means an agreement between two parties, one expecting service at specified times with specific tasks--payment agreement involved. Governments can fashion general regulations in the interest of both parties. Visions of unemployment benefits, pensions, perhaps medical insurance and usually vacations are lures. Sometimes to guarantee the employee certain legal safeguards,a union contract helps.The employer uses a Human Relations handbook to set down his expectations.Definitely "retired from paycheck days," I offer some thoughts to those who are not there yet. When economic activity goes satisfactorily for both parties few political problems arise. At times of recession each side expects legislatures to support their requests. In extreme cases uprisings among those without jobs may burst forth. Potential hirers can reassess their business plans, being careful to serve existing customers and to reassure remaining employees. Those who wish to find a legislative fix will disagree on solutions.
Advertising for competing candidates bores the public, but delights media who charge for the messages. Sound and fury do not help to enlighten. However, those who are handlers for each position make out regardless. The little guy who fears a worse jobs outlook will dig deeper to put in his two cents. Corporations with deep enough pockets to weather the drought can afford to pay fees to organizations which can buttonhole relevant legislators in the lobby.
My method of approaching money, moral support. and candidates' characteristics is to study a few of the issues close to my heart. Statistics must be carefully studied, but there is one trend I watch closely. Even though not wanting a paid job I know high unemployment figures end up costing me in inflation. When economic activity picks up companies can raise prices while wages remain flat--the old lagging indicator.
The dollar in my bank account may have shrunk to ninety cents. so it's for sure my bank doesn't need to pay me a decent interest rate. So what will I do to keep solvent? Just what I should have done all along--find the best place to invest my money. That means I'm a capitalist! I remember how Secretary Frances Perkins explained that an Old Age Benefit was an ace in the hole, as Social Security remains backup. It certainly helps when Medicare kicks in
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I always stayed away from the likes of EnRon and World Com. It's hard enough to avoid hedge funds. Speculators are for the person who can afford to lose. My kind of capitalist remains on the lookout. There's enough risk without checking out every derivative.
