Is the world heading towards a recession & an economic warfare?

  1. arunabha0368 profile image65
    arunabha0368posted 6 years ago

    Is the world heading towards a recession & an economic warfare?

  2. gmwilliams profile image85
    gmwilliamsposted 6 years ago

    We are already in a recession............oh no, I am wrong on this.  We are in a depression.   Many well paying jobs are being diverted overseas with less economic costs to the corporations involved.   As a result of jobs being relocated overseas, many people are unemployed. 

    In addition to this, corporation are also eliminating well paying jobs as a money saving measure.    As well paying jobs are decreasing, there is a rise of Mcjobs or shall we say minimal wage jobs which pay just above poverty wages.   As a result of job elimination and the increase of minimum wage jobs, the middle class as we know it is practically eroding.   

    Of course, the rich who owns the means of production and/or who are in powerful positions are becoming more wealthier.  The middle class is becoming increasingly lower class and the lower classes are absolutely falling through the cracks.   

    Because of the increased chasm in social class, there are protests against the power structure such as the OWS movements throughout the United States.  I do not believe that there is going to be economic warfare; however, people must become smart and adopt a new working paradigm of not depending solely upon companies and corporations to gain employment.   In other words, they must become more entrepeneurial regarding earning their way.