Money Printing to Fuel New Economic Bubble
For millions of Americans, 2008-2011 were miserable years, and 2011 has not been going well at all. The corporations they work for have gone through several rounds of firings, a steep decline in business, and many have filed for bankruptcy or been bailed out by the government or bought out. Not only have yearly pay increases not been given, many people have been offered a pay cut instead of being fired outright.
The sentiment is that, “at least I have my job.” Unfortunately, these jobs can not pay all of their bills, or allow for any type of career advancement. It leaves workers wondering how they can find a higher paying positions in today’s terrible employment situation. The great news is that it seems like the labor market may be giving signs of life in the upcoming months.
The Federal Reserve has been creaint money like there’s no tomorrow, and the stock market may finally be turning around. Although this could well possibly be a fabricated recovery and the beginning of a new bubble, it will be wise to keep an eye out for any good job openings. Employers will finally start hiring again, especially since local and state governments have been firing public sector workers.