Re: More layoff at work
I have been talking with my long time friend and he works for a clearing house for stock transactions. Its closely tied in with banks, and the whole banking industry is on such shaky ground its really scary. Especially when I got some inside poop on what is going on from my friend.
He has lost almost everyone in his department due to layoffs. The work is being shipped to India at a fraction of the cost of doing it here. He said if he is laid off, he would get a used van and go into the home remodeling/repairs business. But that will not cover his mortgage and taxes, and his savings will be gone in a few months. So the house would be sold (at a great loss due to the crappy housing market) and he would buy a cheap house in a low tax area. Probably move to PA.
I can't imagine what being laid off would do to me. At least I don't have a mortgage on my house, but taxes are $8000 year, plus kids college, etc. I would have to go into the home maint/repair business too, because there are no openings in my line of work.
When you stop and think about it, there are so many people in your own town who's lives have been totally re-arranged by loss of work. It is a national disaster. I see no relief in sight.