The economic stimulus package has been a boon for most of us, in the sense that we are not only getting back some of our money that was previously lost. At the same time, the government has created many jobs. It has ensured that there is no rise in fuel prices, further reducing our import bill. There are so many positive aspects of this economic stimulus package and yet it seems that there are people who do not see the light at the end of the tunnel.
We all know that recession does not spell doom and gloom for any country and that the US economy can bounce back. But if we do not get ourselves out of the hole as soon as possible, the negative consequences would be far-reaching and would adversely affect us in every manner. The economic stimulus package has been meant to help the recovery and that is why it has helped many. However, the job market of today is such that it is looking bleak for anyone who would be seeking a job.
The number of advertisements related to finding a job is on the increase and the competition is so high that those who are unemployed now have very little to look forward to in terms of an improved economic future. Many people are now looking for jobs at lower wages. These include the self-employed, part-time workers, contract workers and others.
All this implies that the unemployment rate is going to continue to increase and it will not decrease until the economic stimulus package expires. The worst-case scenario here is that there will be more bankruptcies and foreclosures. The economic stimulus package has not done much to prevent this from happening. The only thing is that those who were unemployed before the recession got another job and they too will find themselves out of work within another four to five years. This means that the cycle of redundancy will start again and the unemployment figures will rise again.
The only way to get out of this vicious circle is to get a job. It is obvious that there will not be more public works built in the near future as there was not even a year before the recession. The only option is to create new businesses that will employ people. This is why the job market is the main problem with the economic stimulus package.
As long as there are unemployed people there will be economic problems. To stop these economic problems from getting worse, there needs to be an increase in the number of businesses that are established. There needs to be jobs for all these new businesses to take off and this can only be facilitated by the government's Economic Stimulus 2021 program. . . . . . . A job is a precious thing and no-one can do anything to take it away from you.