Tuesday, February 16, 2021

The Family in The Failing Economy

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I can remember watching the television show, Leave it to Beaver, in the good old days. Watching Mr. Cleaver go off work, while Mrs. Cleaver stayed home and took care of the household chores, (i.e. cleaning, cooking, washing, and occasionally gardening). When Mr. Cleaver returned at the end of the workday, the entire family would sit down for the evening meal and have quality time together. Because of the rapid shift in the economy, todays families are affected financially. Both members are required to hold down part time, if not full time jobs in order to avoid unforeseen financial hardship. The family as a unit is finding very little or no quality time to spend together, due to both parents working.


The economy has changed drastically in recent years. Wage increases are not keeping up with the economy; stocks plunder, and goods go up. With only one parent working in a two-parent household, they are finding it almost impossible to shoulder the full financial burden alone. This has put a heavy strain on the family, forcing them to dip into their savings in order to maintain a substantial household net. Finally outings are becoming a thing of the past, because only one parent is working and forced to put in a great deal of overtime. The point is; because of globalization, factories closing, and downsizing, this has put families into a financial pressure cooker.


Businesses are trying to put family back into family by adopting some form of a relief program for both parents in a household that are working and by offering childcare facilities in the workplace. They also have family day and have cut back on the number of days of the workweek, by using the 4-40 program which means four days, forty hours. These are some of the ways that companies are trying to make more time for the family to spend together and not jeopardizing the company goal.


In my opinion, there should be government regulations in the form of a cap, similiar to the one used in sports Ithe salary cap), on businesses that choose to close and move overseas. It should be in the form of an import, with a limit on items that they are allowed to ship back into the country, and higher taxes. This would make them think hard about packing up and leaving, while the American Family is in such a financial crisis.


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