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Economist Puts Aviation Layoffs In Perspective
A Wichita State University economist is advising us not to inject to much fear into the bad news we're hearing concerning aircraft layoffs. Reporter: Chris FrankEmail Address: chris.frank@kake.com |
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14 Comments  |
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It is really getting tiresome reading this union / non-union bickering and complaining. It's not the fault of VP's or CEO for layoffs, it's the economy. Not to defend upper management, but I would expect a paycheck like thier's if I had thier responsibilities too! Why can't we just face the facts that the economy sucks and we just got to do what it takes to get by.
Really, is that what you think? Layoff's mean as much to everyone in this community as it does the aircraft workers! When they get paid, where do you suppose they spend their paychecks? They shop here, go to movies here, eat out here, etc. Do you think your jobs are just as safe when millions and millions of dollars stop making your paychecks and you lose your job?
Layoffs don't mean much if you're not the one being laid-off.
yeah, easy for him to say, maybe he'd like to trade spots with me? let him go stand in the unemployment line! jackass
i have seen many friends go from these layoffs and it's not a fun thing right before the holidays and it seems all wrong but there again if the companys like Hawker who have way too many VPs need to be getting the boot not the shop floor workers. We proved over the Strike at Hawker Managers couldnt do our jobs. Come on the VPs have a VP under them. and they wonder why they dont have money. get rid of them and leave us alone. Another thing maybe they should really just give everyone a layoff notice and give me 9 months of paid vacation. and Hawker is opening up another HBS in Mesa, Az, there is a waste of money. and Hawker is doing good they saved money during the strike cause they didn't have to pay everyone and they got a $171 million from the Gov. for 23 Kingairs. Like this workers come more like a second family to everyone out there and i just hope for the best in 2009.
Bottom line folks time to make a new years resolution.... Dont borrow a dime in 2009!
There's a common saying.. 'a recession is when you're concerned your friend or neighbor might lose his/her job. A depression is when you lose your job.' The story just put what's happening to this point in perspective to what the last downturn here was. Who knows what next quarter brings? But sound financial practices, i.e., not abusing credit is wisdom like the other posters said. The country will climb out of this if the well meaning folks in Wash.D.C. don't get in the way. Collectively too much spending was done based on perceived house values which later disappeared. Some who didn't overspend unfortunately will get laid off. But the ones who don't give up will make it through with God's grace.
lay offs is about the bottom line the ceo bounis
It is easy for WSU Professor Stan Longhoffer to say. I would be willing to bet if he was in the industry and was about to be laid off he would feel differntly.( I know he was doing his job predicting that it isn't that bad but reality speaks for itself.)
Ton, and all other military personnel-Thank you for your sacrifices in serving this great country. Ton, I too am in a similar situation as you. But face additional expenses for which there is no way out of and no time to save/recover loss'-such as kids education and retirement around the corner. So, like many, we are concerned about job loss and not being able to earn our own way. Simply just the house payments and month to month expenditures require a regular source of income. So while, savings is the way out- a means to earn an income is vital. As well, with all investment options going south, additional income is needed to sustain and grow. There would be no way, without some type of income (or savings) that one could keep ones home (such as yours or mine). This, unfortunately, without savings (and no personal debt), makes some of us one missing paycheck away from the shelter. Saving money while we have an income will help, sure. But, right now, many have exhausted all of savings.
I totally agree with you (me) I am all about being debt free, as I am right now I personnelly do not have any debt except for my house. And it is amazing how much money one can save if they are not giving it to the lender. I feel that we live in an era where people think thay have to have something now instead of saving and paing cash for it. The amount of money saved from the intrest alone is quite alot. And if people would save and not spend unwisely there emergency fund will help them if they were to get laid off. So that is why I am sick and tired of us the tax payers bailing out those who cannot manage there money, I say let there house get foreclosed if they were not smart enough to manage ther own money to begin with. Why should i have to help them. So America take responsiblity for your financal actions and quit crying about the possibilty of losing your jobs. Ton, currently in IRAQ U.S. Army(Active) 1983-to present.
I believe that fear is a lot of the problem with the economy right now. The media, as well as other sources are promoting fear. It was a strategy used during the Presidential Campaign to sway results. However, I do not understand the motivation and the end result to continue to instill fear. I believe that we absolutely need to be cautious and change our financial habits, as our grandparents did. Savings, not additional accumulation of debt, is the only way to spin (or spend) out. We can verify that we can not pay the interest on previous debt, more or less afford additional debt. This is true for the average American and also for the American Government debt. Credit Counselors would not advise their clients to "borrow more"-why would we support that the American Taxpayers do (Feds). Obama encourages input to those who oppose. How about tax breaks to Companies that provide for their employees the benefits that we have a shortfall in, such as; Health insurance-not 3000.00 per job given.