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apnu

(8,790 posts)
11. Here's what I've observed in this recovery.
Thu Aug 11, 2016, 12:45 PM
Aug 2016

Companies who could absorb the fallout did so, and took the opportunity to cut payroll and streamline. They lived,workers got fired, and those jobs will never come back. Companies who couldn't absorb the fallout were either bought by companies who could, and then "streamlined" or they died. Either way, the job losses will never return.

Yes unemployment is down since 2008, but those "new" jobs suck. They pay less and aren't real careers that can keep a person or family in the middle class.

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