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The 2nd Great Depression is upon us.
The Government is lying to us.
This “Great Recession” is way deeper than they are willing to admit, I think

Here are some bullet points to support my opinion.

  • I meet with salespeople of all stripes — I always ask about how their businesses have been doing.

    With only a couple of exceptions, for highly specialized industries, sales seem to be way down, and have been so for years, and I have not been talking about it, but I have been watching it.

    It continues into 2012 — The sweet spot seems to be roughly about a 30% downturn compared to 2007, which sounds high, but that is my estimate based on what I hear.

  • I have watched the construction-related industries essentially collapse.
  • I have watched the “outsourcing” movement take hold, which reduces costs – That’s why they do it.
  • I hear over and over about how employers do not replace essential people who leave, and push the tasks onto others.
  • I am seeing more and more employers trying to save on taxes and benefits by misclassifying people as “1099″ workers, rather than as regular employees.
  • Fast food managers are not getting the bonuses they have expected, and the quality of fast food has been declining as a result. Fast food managers only make a modest wage, and hope for a decent bonus.

    I have been hearing about it in my office — If you are not getting your bonuses as a fast food manager, then you are not going to be as sharp at supervising. This means you may not care enough about watching people and product. Under-supervised workers produce poor product. Plus, the restaurants are obviously buying cheaper supplies.

  • And we all know well that houses have lost 30% of their value, and I won’t even begin to discuss foreclosures.
  • Car companies are claiming high profits — But car companies can grab profits by beating up on their suppliers — For example, they can get a supplier to drop the price for making a seat from $200 to $100, under threat to find a new supplier. (No, car-makers do not make their own parts — They buy their parts from suppliers, and assemble them)
  • The Government needs to prop up confidence in the economy, so they push out an artificially happy view of how we are doing. This is not a Republican vs Democrat thing.
  • (But some places are still booming — Here locally, in my area, Red Lobster and Olive Garden are always full)

We will be posting some more info here soon about where you can get some help — These articles are works in progress, and it takes a lot of time to bring them up to where they need to be — Thanks for your patience

Article written by | Tim Willoughby

***** END OF ARTICLE ***** Missouri Employment Law

Maintained by Attorney Phil Willoughby
Founded by Tim Willoughby, Esq. (1959-2013)

Phil is a Missouri employment lawyer who is licensed to practice in Kansas and Missouri, and primarily takes cases in Saint Louis and Kansas City. He is a member of the Missouri Bar Association and Kansas Bar Association. Additionally, he has practiced in the United States Federal Courts of Missouri in St. Louis and Kansas City. He has also practiced in the Kansas Federal District Court in Kansas City, Kansas.

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Phil Willoughby, Attorney
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