TerryJ2
Well-Known Member
HaoZi, at the risk of turning this into a civics class, the two are completely intertwined. We are a mixed economy, which was at one time based mostly on capitalism. (Pick up a copy of The Robber Barons for a bit more history.) Now it is moving toward socialism. Those are economic controls or lack thereof, and make a huge difference in how "we the people" live and function in our own lives and in the greater world.
In regard to the overall question, will the economy get better, I really think it depends upon where you live and how you handle it. Areas with-a large amt of health care always seem to do well, despite crummy wages in some areas. People will always get sick. They will cut out "health" care and just go for emergencies, which will change the way health care professionals operate. (IOW, ERs need to add staff, and small ofcs may need to cut back.) Areas that are heavily military are at the moment doing well, as is shipbuilding. Cutbacks can change that, as can advances in technology, aka they will need people with-more of a background in engineering and logistics, and fewer people on the ground in what used to be the front lines. The computer and tech industries are growing, but you have to know in which direction or you could be out of biz in 6 mo's. Also, many jobs are being outsourced to foreign countries, such as order fulfillment (I placed an order with-LLBean yesterday and instead of a Yankee accent, heard an E Indian accent).
People really do need to pay off their debt, no matter what. I wouldn't trust the stock mkt as far as I could throw a piano.
In regard to the overall question, will the economy get better, I really think it depends upon where you live and how you handle it. Areas with-a large amt of health care always seem to do well, despite crummy wages in some areas. People will always get sick. They will cut out "health" care and just go for emergencies, which will change the way health care professionals operate. (IOW, ERs need to add staff, and small ofcs may need to cut back.) Areas that are heavily military are at the moment doing well, as is shipbuilding. Cutbacks can change that, as can advances in technology, aka they will need people with-more of a background in engineering and logistics, and fewer people on the ground in what used to be the front lines. The computer and tech industries are growing, but you have to know in which direction or you could be out of biz in 6 mo's. Also, many jobs are being outsourced to foreign countries, such as order fulfillment (I placed an order with-LLBean yesterday and instead of a Yankee accent, heard an E Indian accent).
People really do need to pay off their debt, no matter what. I wouldn't trust the stock mkt as far as I could throw a piano.