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Just read in the local paper that C-17 construction is shutting down in Long Beach. 5,000 direct jobs lost and 25,000 employees working for C-17 suppliers are not gonna be getting paychecks. It's a big hit regionally. No doubt construction is being hit as well -- by the dual forces of squeezing the "illegal" workforce that comprises most crews and the cutback in construction and remodeling.
Luckily, my current industry -- the performance aftermarket -- has proven recession-proof. But we'll all likely see the effects of an overall slowdown. There's already talk of Walmart and Target seeing growing reluctance to spend...
Maybe it's time to be less concerned about increasing prices and stagnant (statistically for 7 years now) wages, and just be grateful for employment.
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techweenie | techweenie.com
Marketing Consultant (expensive!)
1969 coupe hot rod
2016 Tesla Model S dd/parts fetcher
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