Americans' fear of losing their jobs grows

#1

Post by hhs » Tue, Sep 10, 2019, 4:02 PM UTC

Americans' fear of losing their jobs grows
axios.com

Re: Americans' fear of losing their jobs grows

#2

Post by intopieces » Tue, Sep 10, 2019, 4:18 PM UTC

My fear never went away. As someone who graduated at the very beginning of the Great Recession, I have a constant feeling that this cannot be forever.

Re: Americans' fear of losing their jobs grows

#3

Post by botwriter » Tue, Sep 10, 2019, 4:19 PM UTC

[flagged]

Re: Americans' fear of losing their jobs grows

#4

Post by spamizbad » Tue, Sep 10, 2019, 4:21 PM UTC

botwriter wrote: post #3

[flagged]

Is the US economy so fragile that it can be thought-crimed into a recession?

This fear has nothing to do with any politician or political party and everything to do with the trauma from ‘08

Re: Americans' fear of losing their jobs grows

#5

Post by VonGuard » Tue, Sep 10, 2019, 4:21 PM UTC

The United States is weird in that you are defined, here, by your job or profession. TV shows put your job title under your name when you appear on them. People's first question is always "What do you do?" at parties and at events. In other countries, this isn't always the case. When I'm in Europe, people ask where you're from, what's for dinner, and what's happening? The question of your job is rarely asked up front, I find. It's how Americans define themselves, which, in the end, generally comes down to how the US doesn't value human life, only the potential earnings thereof.

Re: Americans' fear of losing their jobs grows

#6

Post by Miner49er » Tue, Sep 10, 2019, 4:21 PM UTC

botwriter wrote: post #3

[flagged]

A recession will eventually happen, it happens about every 10 years. The mainstream media isn't talking about it to get rid of Trump.

EDIT: not sure why I'm being downvoted, but I'm guessing it's because I messed up the average length of the cycle. I guess it's probably closer to 5 years: https://www.investopedia.com/ask/answers/071315/what-average...

Re: Americans' fear of losing their jobs grows

#7

Post by jurassic » Tue, Sep 10, 2019, 4:22 PM UTC

intopieces wrote: post #2

My fear never went away. As someone who graduated at the very beginning of the Great Recession, I have a constant feeling that this cannot be forever.

I'm right there with you. I rode out the recession in graduate school and I've been waiting for the sky to fall pretty much since the time I got my first good tech job in 2014.

Re: Americans' fear of losing their jobs grows

#8

Post by ScalaFan » Tue, Sep 10, 2019, 4:23 PM UTC

spamizbad wrote: post #4

botwriter wrote: post #3

[flagged]

Is the US economy so fragile that it can be thought-crimed into a recession? This fear has nothing to do with any politician or political party and everything to do with the trauma from ‘08

There are some people with trauma from 2000/2001.

Re: Americans' fear of losing their jobs grows

#9

Post by 40acres » Tue, Sep 10, 2019, 4:24 PM UTC

spamizbad wrote: post #4

botwriter wrote: post #3

[flagged]

Is the US economy so fragile that it can be thought-crimed into a recession? This fear has nothing to do with any politician or political party and everything to do with the trauma from ‘08

All economies are subject to this because markets are based on trust and faith. If enough doubt is generated then the markets will reflect that in a downturn.

Re: Americans' fear of losing their jobs grows

#10

Post by rifung » Tue, Sep 10, 2019, 4:25 PM UTC

spamizbad wrote: post #4

botwriter wrote: post #3

[flagged]

Is the US economy so fragile that it can be thought-crimed into a recession? This fear has nothing to do with any politician or political party and everything to do with the trauma from ‘08

> Is the US economy so fragile that it can be thought-crimed into a recession?

I think those in Behavioral Finance would argue yes, at least to a certain extent.

https://www.cnbc.com/2019/03/07/shiller-self-fulfilling-prop...