Hitting close to home
My family is very blessed and thus far we have been sheltered from nearly every aspect of this significant economic downturn - but what has been, will not always be and issues are starting to crop up close to home...
My wife's employer laid off four more people this week after letting two go early last. As a physician's service rep, she caters to doctors hoping they will, in-turn, direct more business her way. Problem is: Even the health care industry is feeling the pain of this economic downturn. As the Las Vegas unemployment rate ticked up to 7.4% many thousands lost insurance coverage and with family budgets stretched to the max, health care became a secondary rather than a primary concern... She has also witnessed a growing trend, by those who still have insurance, of delayed physician visits - possibly related to co-pay and prescription costs??
Just today, in speaking with one of her physicians, she learned his practice received six cancellations before noon - he's worried... Additionally, one local hospital she deals with has turned down (mothballed) an entire floor due to the significant decrease in patient volume and bed requirements. It's scary to know that she could potentially fall victim to the next round of company budget cuts.
My 18yr old UNLV student son has worked for Best Buy Electronics for a couple of years now. Throughout the course of his employment there, he would typically receive a 25-30 hour a week work schedule, but that was cut back to ~ 11 hours a month ago, and recently was reduced to just 5 hours a week - he's currently looking for another job.
Thus far, I am under no threat of job loss, but who knows what the future will hold.
Though I'm certain many readers here have far bigger problems - making mine seem trivial by comparison, I felt these concerns were likely indicative of the employment insecurities being felt by many these days.
Well, just heard from the news running in the background - Obama has won the election. Lets all hope and pray he can make a difference. Personally, I don't think so, but I'll say a prayer anyway - we're all going to need it.
Please feel free to share your personal issues of concern and/or thoughts.