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is the economy getting worse? I know more and more people who are getting layed off.?

It seems like the blue collar sector is suffering with massive jobs losses and that the white collar sector is hiring. Is it true, that we are getting closer to wiping out the middle class and that there are now 2 classes? The haves and the have nots?

Asked By: polar bear - 4/3/2010
Best Answer - Chosen by Asker
I definitely think so. Both US and Hong Kong are experiencing the twin evil of stagflation of higher unemployment and continuous inflation. Why? It is only because the change of technology and needs lessen manual labor workers in your case. The existing policy of US and Hong Kong are applied the macroeconomics where... More
Answered By: Guo Lo C - 4/4/2010
Additional Answers (1)
The economy finally added jobs in March, and Health care and manufacturing jobs increased while those in financial services decreased' http://www.bls.gov/news.release/empsit.nr0.htm However 120 thousand with 14 million unemployed is too small to notice, but hopefully it is the start of a trend. .
Answered By: meg - 4/4/2010
 
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