Posted at 8:02 AM on September 7, 2009
by Bob Collins
(2 Comments)
Filed under: Economy
"Unless one has a luxury of choice, it's unclear -- at least to me -- what a suitable alternative to looking for a job is."
The alternative is the underground economy. You paint, repair, clean, etc. a friend's house for cash. You run errands for people who are too busy working two jobs to run their own errands. Some engage in illegal activities.
So long as you don't run a lot of money through your bank account (if you still have one), the government doesn't care.
There is a huge underground economy in this country, and for the most part it pays people just barely enough to get by. No one ever conducts any studies to find out how many Americans just scrape by because no one wants to hear the answer.
I'm taking calls daily as part of the Making Homes Affordable phone center and the ones that break my heart are the guys...50 and older..who can't find a job anywhere. I think women are resilient and flexible enough that they can find anything. They often have more meaning in their lives than just their jobs as well. And the jobs will come back for men 50 and younger.
But I'm starting to worry that there will be a large number of men who are lost in their late middle age. So many years of working and believing that they can provide for themselves. And now there is nothing for them. Their wisdom is no longer valued. They don't have the skills or energy of the young. What's going to happen to them?
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