The Layoff Bubble

Driving in my car every morning I turn on NPR to listen to the business news. And for the last 2 weeks it’s been nothing but layoffs. I’m a big believer in Americans bouncing back from job losses. Smaller businesses now have a talent pool from which to pick and choose, and many laid off workers will turn to freelancing and to starting their own businesses to make money.

However, these layoffs are still going to hurt in the short term. Most jobs that you can pick up within a month do not pay very well. In addition, when people aren’t in demand, salaries go down and bonuses are eliminated. I hope after this dismal year we can start to recover. I also wish the government would understand that continuing to prop up corporations with aid money does practically nothing to help the little guy. They may save jobs in the short term, but these actions often indirectly cause good pay to go out the window in the long term. Hence, “The Layoff Bubble”: