Job instability is the number one factor that leads to public panic. It is more pressing than stock-price declines, general price increases, and a host of other bad trends, because it hits people in the most direct way by threatening to end the flow of money that puts bread on the table.
Don’t blame the employers. They are faced with making cutbacks wherever possible. They have to worry about surviving in the downturn. It is not only labor costs that must be cut. Cutbacks must occur in every area. FULL ARTICLE