Monday, October 5, 2009

Shrinking Standard Of Living

I visited the neighborhoods of Deland, Florida in Volusia County that comprise Florida Congressional District 3 (CD-3). It should not come as a surprise, but the neighborhoods were comprised of people that were less affluent than those that live in the other neighborhoods of Deland that surround CD-3. The issues of poverty, lack of employment opportunities, as observed in the other parts of CD-3, are here, too.

My first visit was with a community recreation center where I had the opportunity to speak with a man that was focused on helping young men avoid the life of crime. He himself had been in prison once. He turned his life around with the help of God and was now an associate pastor at a nearby church, but during the week he worked at the center.

My longest visit was with a group of two men and a woman sitting outside relaxing under the setting sun. All were frustrated with the economy and lack of job prospects. One even complained that his wages were stagnant, yet the cost of living had increased. I can fully understand his plight. He is not alone and I believe more people will join his ranks because of the effects from our past and current fiscal policies.

Our ongoing deficits and large national debt will eventually lead to inflation. Even worse will be anemic wage growth due to foreign competition unless workers can provide greater value obtained through ongoing/lifelong training and education. The good news is that those who can provide value by solving other people’s problems will find employment that provides financial security.

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