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2 Great Reads For HR Pros to Show They Know What's Up Re: Recession/American Debt Situation...

Let's face it, no one really expects most HR pros to have an opinion on the Debt Ceiling crisis or the Recession, which at this point seems like it is still going.

So surprise those deadbeats who underestimate you with these two unbelievable nuggets:

First, cite the chart below regarding the jobs situation in America:

Chart-of-the-day-duration-of-unemployment-aug-2011

Gray are the recessions.  Blue line is the average duration of unemployment.  We're in a nasty, nasty period.  Put on your helmet, because this one is more than twice as bad as in 2000.  Click through for the thoughts from Business Insider, and while you're there, sign up for the Moneygame Chart of the Day.  Most of your friends in Finance won't be reading this, but you will.

Advantage: You.

Next up, show your knowledge of the debt crisis in Amercia by citing this unbelievable comparison shared by Harry Joiner at Marketing Headhunter, which breaks down what the US faces and what it just did, by thinking about it along the lines of a family making really bad decisions:

It helps to think about these numbers in terms that we can relate to. Let's remove eight zeros from these numbers and pretend this is the household budget for the fictitious Jones family.

  •  
    • Total annual income for the Jones family: $21,700
    • Amount of money the Jones family spent: $38,200
    • Amount of new debt added to the credit card: $16,500
    • Outstanding balance on the credit card: $142,710
    • Amount cut from the budget: $385

So, in effect, last month Congress, or in this example the Jones family, sat down at the kitchen table and agreed to cut $385 from its annual budget. What family would cut $385 of spending in order to solve $16,500 in deficit spending? It is a start, although hardly a solution.

Go read the whole post here to get the full effect.

Then, use both of these to be more informed than most of the people on your operational team at your company.  You're not just simply quoting Maddow or Hannity, you've actually got some data.  

Advantage: You.

Comments

AkaBruno

The only problem with Joiner's example is on the revenue end. Members of the Jones could, for example, go out and get another job to raise their revenue, but we have significant obstruction to this solution at the Federal level.

Harry Joiner

agreed. we DO need more revenue -- from those who don't pay taxes. do the math: the top 5% of earners pay 58% of the income nation's income tax. go back to the debt ceiling debate: in august the country needed $359 billion to pay its bills, yet was going to take in "only" $200 billion in tax. the $159 billion shortfall was going to be funded through debt. you could DOUBLE the tax on the top 10% of earners and still not have enough to get by. there needs to be tax reform to 1.) close tax loopholes, and 2.) institute a national sales tax to access the trillion dollars in the underground economy. and yes, you're right: we do have significant obstruction to this solution at the Federal level.

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