There are many of them. A lot of my neighbors work about an hour a way. Even if their car gets great mileage when you add in the wear and tear, the hours out of your day in drive time 'especially during winter snow storms' the pay is no where near as good as it appears on paper. Many of them don't have a choice though, gotta go where the work is.
Yes. There are many hidden costs to travel like the ones you mentioned as well as time considerations and stuff. Better work isn't often that hard to find. Some are too lazy to look for better work no matter what they say. Can't blame them much though.
At the beginning of a recession businesses still have money. When business slips their first reaction is to spend more on advertising and seo. People getting laid off may also try ppc publishing and affliate marketing. Again, creating demand for sites and content. Should the US economy get bad, I would suspect that Google would cut adsense payouts big time.
Wouldn't matter much for many as they earn pennies and get banned before payout . The big'uns will be hurt most.
In marketing studies, we were taught that during a slow down or recession, it is never never advisable to cut down on marketing expenditure. Theoretically Adsense should not be affected. But practically I was always thinking that was quite a load of bull. Considering a recession in place, with companies struggling to earn enough to pay the daily expenditure and to avoid retrenching. How many will maintain their marketing budget? I would say this is one of the first to be cut and I expect advertising companies, Adsense included to be hit should a deep recession occur.
I have cut down on my vacations to two this summer. I have limited spending to almost nothing and I am saving most of my income in case the bottom of the economy falls out.
I filled up my ride yesterday and it cost over $220 . Resent that, and feel embaressed paying for it. I took the kids to the cinema to watch Batman. A hotdog was $7.4 dollars. I spend most of my working days reading accounts of companies and looking at their keys information. An awful people out there are skint. In the UK at least this is the true underlying situation. For too long people have been funding their consumer driven throwaway lifestyle but rising house prices, and remortguaging. Housing is falling in value, but unbelievabley land prices are rising as many people know this is the time to buy. Banks are wise to using one credit card to pay for another and for the first time record cash advances on upper keys ( a credit check) Things will get worse before they get better. If you want to know how worse have a look at this stock http://www.londonstockexchange.com/...rices.htm?sym=GB00B1JQBT10GBGBXSTMMB1JQBT1PDG They own 400 garages and roughly 800 acres of prime land in the UK, and a lot in the states. Shares at 7.5 P > real danger they can close totally , or more likely get stripped and bought. I don't work for them, they were a supplier, but not now due to share price. Cash is king for the next 12 months
We in Britain are going to get the worse of it in Europe, maybe even worse than the US in the long-term. Our whole economic growth over the last 10 or so years has been built on rising house prices, debt and consumerism. People have been burrowing on the strength of their rising house prices. Now houses prices are falling this isn't such a viable option for many. Credit is drying up. The two key sectors of our economy - finance and retail -are going to suffer big time. It's going to be a big shock to the under-30s who have never experienced a recession before. I don't know when our bad spending habits started. I was chatting about this to a few friends recently. One is Belgium and he said that if people in Belgium use credit cards then they'll pay it back as soon as they can. Over here people just borrow and borrow, often with little regard about how they will ever pay it back. It hasn't always been like this, but I'm not sure when it started.
If every one cuts down their expences we'll be in the middle of a crisis.And what are your savings ? Us Dollars when the crisis comes money is not worth much. I am in a country that is accustomed to crisis we generally have economic crisis on 4-8 years so people are always cautious , does not have much debt and mortgage is not well known here people either have houses or pay rent. And also family ties are still strong if you go down your family helps you. And also crisis give new opportunities.If it does not kill you you get stronger. My main job is getting better and better and it is not a traditional job , but we have partnership and they are more vulnerable and if the crisis hits we should be forced to help them.Imo traditional jobs would be hit harder cause the competion will be harder for them.
Britain is built on the 1000 year trend of invaders, from Romans to Vikings, from French to the Germans. A nation of fighters. Britains Economy is based on war, and since there has been no biggy for such a long time, is this why their under 30 ' s are so angry?
A relative of mine has just come back from China and made some strange comments. I can't say I fully understand them. It seems that we have been underestimating China for quite a while, with the Goverments, and corporations holding a LOT of US bearer bonds, options etc. It seems if there were ever a China / USA war, unlikely I know, the the USA would have literally been bankrupted to the stage were they's be firing bows and arrows.
Britain doesn't need a war to keep its defense industry going - they just sell their weapons to countries like Saudi Arabia and Indonesia... amongst many others...
2008 is turning out to be an excellent year. But then my business is 100% online and I'm barely effected by the "economy".
Economy is definitely having an Impact on the Society. Really speaking Money is just vanishing from wallets as if Magic, then realizing it's Magic of Inflation.
Whoa there.... Don't burst the bubble of the ignoramuses that think only Americans are dumb and broke! Keep this to yourself or you will cause us (tax payers) an increase due to all those on the system having to get more medication. Too many are already being treated for BDS.
Our business has been booming. I credit most to the dollar difference against the Euro and other currencies. 95% of our business comes from overseas. Given that is where the money is, we have seen quite an increase in business over the last two years. From an energy standpoint, its always been expensive for us, with cooling, etc. so we have seen a slight rise. As for transportation, with telecommuting and the fact that I and others do not live far from work, it has not had a huge impact on me. I have a 2 mile commute. I ride my bike quite a bit, though I always did, so its not like there has been a huge lifestyle change. Food is up slightly again, due to energy, but in reality given what I buy typically, I've not noticed it as much as my wife. I have a strange diet I guess... I would say with the Bush tax cuts on top of this, I've tripled my sales/output and employability in the last few years vs., the dismal performance in the 90's I'd have to say its not as bad as it could be. Things can always be better, but they can always be worse too. It really depends on what sector you are in. Keep in mind that energy will always drive costs. All in all though, when one sector is up, the other is down. It goes in cycles. I've been around long enough to see both sides of the spectrum. The only thing I would change in our economy is our dependence on foreign oil. Energy drives our economy, and energy costs. 30 years (7 Presidents) doing nothing about it, is what is to blame for the current energy depression, the economy is completely secondary, though not separate. It's really damn strong, if you consider what this energy depression is doing to it. If not for the energy depression, I'd be willing to bet just about everything would be performing 100 times better than it is.
The gas prices are crazy! I drive a lot less and get lots more exercise. That's always funny to me. I remeber they did that during Clinton's years and after the DOTCOM bust. At first, they overestimated growth, then years later said it was actually a recession. Cute. That's my thinking. Things might be okay now, but they don't look good going forward. The Federal Reserve expects two negative quarters at the end of the year and the beginning of next once the stimulus checks work their way through the economy. You can't have DRASTICALLY higher gas prices and expect growth. The economy is losing like $7 BILLION dollars a month (compared to Feb. 12th), to gas. You can't keep losing money at that rate and expect the economy to grow. Whoever is in charge at the oil companies will drop prices dramatically before the election. Otherwise, McCain doesn't stand a chance.