Published: Tuesday, July 29 2014 10:15 p.m. MDT
A lot of fast food joints have been hiring for the summer...part time, minimum
wage. Utah is in such an economic boom from these job increases. If two
part-time jobs take the place of 1 full time job, the economy will sky-rocket.
Don't kid yourself with these overhyped reports. The economy in Utah is
horrible too. Utah is near the bottom in hourly wages paid to it's labor
force and the price of everything to survive keeps going up.
So how are these studies offsetting the loss of 35%+ of the consumers with
bankruptcy's in Utah have so much debt they are being fired from their
jobs? How is this study compensating for losing 35% of its customers and
shoppers who used credit and debit cards to buy goods and services and food? Can
the business and economy of Utah lose 35% of its customers and still maintain
that prosperity and spending are climbing?Government is the only
consumer spending more than it has and government spending is infiltrating and
tainting the CPI. If you discount government spending you will get a lot
different picture of the true economy.People with jobs in a chosen
career think jobs are plentiful until they lose their job and have to work at
McDonald who's average worker is over 35 years old. The problem with jobs
in technology and computer programing is it has a limited lifetime and when one
game is no longer popular the company who creates it is no longer needed. Since
most technology jobs don't produce anything but intellectual property they
don't have a product to sell.The CPI of Utah is a fake.
Thanks for the bad news, Obama!
According to Zions Bank, if you are reluctant to spend you have a bad
attitude.BAD CONSUMER! SPEND MORE!
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