Job Ups…As Are Hourly Rates

ABC reports just in December that our economy added 94,000 jobs in November, and the hourly rate rose 8 cents. 

 http://abcnews.go.com/Business/MarketTalk/story?id=3968344&page=1

 Our economy is not a mess, and if we slip into a recession it will be because we slowed our consumption… Don’t be irresponsible about it, but don’t start sticking all your money under the mattress.  Money out of circulation means it’s not being spent on hourly wages, which is what needs to be done with it. 

You buy things, things have to be produced, services have to be rendered.  You stop your consumption, and those products and services are no longer needed, resulting in a layoff…

 And the converse is true when we spend…