The Crash of 2015: Now Arriving at Gates 3,7,12,19…..

[hfojvt]

16. seems to me that the jobs will typically still need to be done

unless the company is shrinking, which would be a sign of a bad economy.

I think of the retirements in my own organization - a local parks and recs department. Over the last 8 years

Department head
Head janitor
pool director
morning cashier
department head
pool manager

I have also sort of semi-retired twice, going from full time to part time in 2006 and then again (a little bit less voluntarily) last September.

All those jobs needed to be filled, although the cashier position was filled, like the previous evening cashier position - with temps.

There may be a momentary loss of some local consumer demand while those positions are being filled, and even afterwards, since when I took the head janitor position I was likely paid less than my predecessor. That's probably true of all the other replacements too, although not, oddly enough, true of the person who replaced me as head janitor.

I cannot believe a loss of even $10,000 in demand is going to impact local jobs, although multiple retirements in the community would add up, plus there is the delay in filling the position. But eventually they get filled, even if with temps. A temp job means more spending money for somebody, after all. Kind of a loss to the community though that the city eliminated those two full time positions, but the budget has been tight now for a decade or more.