Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Saturday, October 24, 2009

When Work Quits before You Do

This story touches on our failing economy.

This article really hits home on the generation gap that looms for many baby boomers. Technology has exploded and has taken over the market place, replacing many previously prestigious and sought after career paths. There is no longer a big need for help when creating photography, newsprint, social networking, and public relations. Through technology, virtually anyone can utilize the previous simply by learning a new software. Anyone who didn't jump on the technology bandwagon is certainly feeling the crunch now.

There are many people who have work quit them before they are ready to quit work. It could be because of sickness, or accident, as well as a failing economy. Life depends on money and one better hope they have planned for the unexpected. Unfortunately, there are many who never thought of that. There are also many who did, worked for 28 years toward a 30 year pension, and suddenly found themselves out of employment. Imagine paying into a pension for 28 years and losing that? It's hard to not envision a feeling of devastation in this particular case.

It must be difficult for an older person with so many years experience to submit to a younger boss that in most cases, knows very little about the fundamentals of the business. They have one thing that the older person does not, and that is called youth.

The good news is that all is not lost. There is always an opportunity to start from where you are. It's time to get on the technology band wagon so not to get lost in the dust.

Monday, October 19, 2009

Ontario Cuts Funds for Entrepreneurs

The Liberals are not helping the economy get back on its feet. Read this article and see why.

During these omnipresent troubled economical times, the Ontario government has now put a hold on further funding for two potentially stimulating programs. The future does not look bright for anyone in Ontario who is planning on starting their own business. In the past year, thousands of people have been laid off from their jobs because of businesses closing down. We have a financial crisis in our province and many people are not even eligible for employment insurance. The government seems to be turning a blind eye to the problem, shutting many Ontarians out in the cold.

Most job loss has occurred in the manufacturing sector. Certain communities have been hit harder than others. The provincial government has decided to pull the plug and stop accepting any further applications from anyone wanting to pursue education and create a new business. What are the unemployed supposed to do? Because of the funding cuts, there won't even be any research carried out to explore job creation. The unemployment stats are misleading because anyone who doesn't qualify for employment insurance fall off the radar. While the numbers continue to show a decrease in unemployment rates, the reality of it hardly compares.

In light of recent reports of government funded organizations wasting billions of taxpayer dollars on programs that ultimately made zero headway in accomplishing what they started out to do, really is a slap in the face for the thousands of unemployed people of Ontario.
Perhaps we are in need of a change of government in this province, since it seems that their list of promises that remain unleashed keeps growing, and any hope of recovering from this economic downturn continues to diminish.
Anyone still working in Ontario should be very thankful for what they have. I feel badly for the one's who don't know how they are going to make ends meet, or how they are going to begin to start over.