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Poverty Hits America’s Suburbs : This is becoming a common story

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Playing the Blues in the suburbs

Poverty Hits America’s Suburbs : This is becoming a common story

This is becoming a common story. Many people who once held well paying jobs are now in transition or underemployed out of necessity.

The unemployment figures are not accurate. There are a lot of people hurting and or just trying to get by. A lot of the jobs lost were due to “restructuring,” i.e. position elimination, outsourcing or company relocation’s and not because employees did anything wrong.

For those who are doing well, it is important to support local food banks and donate your gently used clothing and shoes to thrift shops where people in these unfortunate circumstances shop.

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One thought on “Poverty Hits America’s Suburbs : This is becoming a common story

  1. The easiest way for a CEO / CFO to look like they are acting in the shareholder interest is to cut jobs. In most cases, their compensation is triggered on the illusion of operating income, which sometimes doesn’t reflect the real impact of job cuts for quarters to come. Short term productivity increases are usually just that: short term. Taking cost cuts to margin is an easy thing to do but if you don’t think things through you risk permanent damage to your business.

    The below is an interesting read…I need to read the business case in the HBR.

    https://www.theatlantic.com/business/archive/2013/03/the-trader-joes-lesson-how-to-pay-a-living-wage-and-still-make-money-in-retail/274322/

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