I am talking about all of the salaries that have been lost since the start of the recession, in December 2007,
The middle class has been pillaged, enfrauded and LOOTED, thanks to the recession.
What is the reported unemployment rate — about 8.5%?
Let’s multiply it by 2 and account for the U2 number.
Total all the salaries lost from everybody who is out of work since this disaster began –multiply it by the number of years the person’s been out of work and if you want, throw in the raise that this person would have probably gotten in December of each year.
For college grads, factor in the starting salary for a new grad and multiply that by the number of years since graduation and no full time job.
I will bet you the total of all of these lost salaries is a staggering amount.
I will bet you the amount makes the federal deficit look like an ugly kid sister or poor relation.
LOOTING and nothing more.
This is money lost to our economy. LOST…money we will never ever get back.
And when you take the priceless amount that the depression (it is NOT A RECESSION) has stolen from us who are out of work — you cannot put a price on emotional depression, health problems that being out of work has caused, or pride that is gone or how no job affects your emotional and mental health, your marriage or your kids or your relationships with pretty much anybody — there will be no way we can even estimate the cost of that amount.
If you want to include enjoyable things lost, you can include that too: your son or daughter can’t participate in a sport because the family now has no health insurance…and not only that, your child has been robbed of an activity.
Other lost enjoyments: a trip to the movies, maybe the theatre, a concert or a ball game. The family vacation is out of the question. Maybe you and your friends had plans on going to Key West or somewhere on vacation — you can’t go; you now cannot afford to.
We were robbed in many many ways, thanks to the disaster that hit us.
And I get the ugly feeling none of these things are coming back.