What Does Deflation Look Like? Just Ask Cities
So, cities are scrambling to deal w/ budget deficits, declining revenues, and rising payroll costs. The answer? Fire the people. ALL THE PEOPLE. I mentioned Maywood, CA last week, where the city has outsourced all work. Part of Maywood’s problem is that it cannot get insurance because of certain previous legal wranglings. But the answer – outsource all work – is intriguing other cities. The name of the game is to lower costs. The problem is that cities are realizing they have cut all easy stuff. Now they are on to the difficult cuts – people.
None of this is new. Anyone following the news will be aware of this at some level. My point in bringing this up is to highlight the fact that this is a case study in what a deflationary cycle looks like. The microcosm of the city gets its revenue (taxes) from specific streams – sales tax, property tax, fines, etc. The expenses are the needs of the entity, including the manpower necessary to run things. At this point, cities are having to cut the payments to the people in order to bring their costs in line with their revenue. The outsourcing that is taking place is a bit misleading because in many instance a contract service provider is simply taking over the employees, but paying them less.
This lower pay can be in the form of less weekly income, less benefits, or both, but that doesn’t matter. What does matter is that the employees are being forced to accept lower income than they previously earned for the same job. Of course they could quit and go elsewhere, but with unemployment around 10%, that’s a big gamble.
What will happen to the collective spending of these employees? What are the chances that they will ratchet up their borrowing and spending in order to push our economy higher?
Read the original story at H. S. Dent
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.
| Online: | |
| Visits: | 1,609,558,189 |
| Stories: | 8,168,067 |
Whistler Blowers, Insiders
