Social Sudies Blog--- #2

Recently, jobs have been decreasing and many people are losing their occupation. Popular places, such as, Macy's, AOL, Starbucks, and Target are big stores where the most people have been let go from their jobs. Over 15,000 jobs have been lost just within these stores in the last year. Jobs are cutting down because businesses cannot afford to pay their workers. As a result, led the companies to lay off people unless they were needed. This causes people to have financial trouble. With having financial trouble, people are forced to find jobs, but with people getting let go, it is hard finding a job in a lot of places. This time now, with most people not having jobs, is not considered a depression, but a recession. I personally, think that we should not be in this recession and companies should just pay workers a lower amount, so people get little money rather than none. In the end, maybe eventually we will come out of this recession.


http://abcnews.go.com/Business/CEOProfiles/story?id=6804783&page=1