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Monday, August 15, 2011

Economics: Little Picture, Big Picture

There's so much wonderful stuff to read around the blogosphere. I had a lot of catching up to do. Two pieces that struck me--especially when juxtaposed--are by iamtheworkingpoor and grumpyrumblingsoftheuntenured.

Iamtheworkingpoor must be very busy: her grown kids moved back home, something common in these economic times. Here is what she has to say:

When you are on a frugal path with a goal you have to stay the course until your goals are met. If you jump too soon any small setback can put you right back where you were before. Keep your skills fresh, remember these times will not last forever, celebrate small victories, and plan out your future without losing sight of your goals.

That's the little picture. Then, from Nicole and Maggie, two social scientists (?) who may even be economists (?), we have the big picture: what needs to be done to get us out of the economic pickle we are in. Here's the graph. They seem to have turned off the comment button, probably a wise move.

Here I am in my little picture world, thinking about Shakespeare and other wonderful things and also filling boxes with Miss Em's back to school needs. She gets back tomorrow!


Anonymous said...

Write your representatives in congress! It doesn't take very long, and it's important to remind them that the sensible silent majority votes too.

We think it would be good to tell them that they need to work together and that compromise is important for the health of our country, to stop the partisan bickering. But you may have something else you'd like to let them know. If enough people talk, maybe they'll start listening.

Thanks for the link!

Duchesse said...
This comment has been removed by the author.
Duchesse said...

(Sorry, too many typos!)

"Remember these times will not last forever" is rather optimistic. If the economic slowdown lasts a decade or two, it's going to feel like forever if you are over 50.

We have a new class that Douglas Coupland calls "blank collar workers", people who were middle class and will never be so again- especially those in their later career phase, without pensions.