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It's a Double-Dip Recession

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Anne
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Re: It's a Double-Dip Recession
Anne   10/13/2011 10:10:13 PM
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The threat of a recession makes everyone pull up their sleeves and do something.  Whether you are in big business, entrepreneur or an employee this problem affect everone. But unemployment is one of the worst effect recession.

arenasolutions
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It's hitting everyone differently
arenasolutions   10/13/2011 3:03:33 PM
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I feel like in San Francisco, we have been affected less by the recession than other places, so I feel very lucky. What's interesting though, is that if we are in fact heading toward another recession, not everyone seems to be concerned.

For example, at my office, we did a poll of over 1000 small-mid-sized mfg (who I would expect to be more concerned than other industries, due to the automation/outsourcing along with the recession) but spirits were high. It made me wonder if there are some who aren't seeing the recession, all around the country -

 

http://blog.arenasolutions.com/2011-arena-solutions-manufacturing-outsourcing-survey/

 

elctrnx_lyf
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Re: It's a Double-Dip Recession
elctrnx_lyf   10/13/2011 1:02:42 PM
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jaden, that's nice one. if this is like wheel then the economy should never come out of recession. This isn't the case as long as you have new population that have needs and other infrastructure requirments. But in my opinion economy will keep swinging from dip to high to dip ...

JADEN
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Re: It's a Double-Dip Recession
JADEN   10/13/2011 12:12:08 PM
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A friend jokingly defined Recession as "if your neighbor get laid off, it's a recession.  If you get laid off, it's a depression'.  The definition is accurate because it indicates economic results: a loss of jobs, a decline in real income, a slow down in industrial production and manufacturing, and a slump in consumer spending.

Mr. Roques
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Re: What clothes
Mr. Roques   10/12/2011 9:10:54 PM
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So, what does theory tell us? How to get out of the vicious cycle? I guess the government needs to increase the amount of money in the streets (lower interests?)... any economists out there?

Ariella
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Re: What clothes
Ariella   10/12/2011 10:26:44 AM
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Absolutely, mfbertozzi. When customers are already frustrated because something isn't working the way it should, limiting their access to people who are not qualified to help them only increases their frustration, and then any loyalty they may have had to the business would likely fade away.

mfbertozzi
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Re: What clothes
mfbertozzi   10/12/2011 9:55:33 AM
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I agree Ariella, other point is about Call Center - Help Desk. First contact for customers is really important and based on satisfaction perceived, it could make them very happy, satisfied and could potentially increase their spending. Savings for putting there junior people only for answering without any support provided, is a good way for losing customers.

Ariella
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Re: What clothes
Ariella   10/12/2011 9:49:48 AM
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Yes, ccompromising on quality to save cost does not usually pay in the long run. I've noticed a lot of complaints in the retail world from customers who say the quality has gone down from brands they have come to associate with higher standards.

mfbertozzi
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Re: What clothes
mfbertozzi   10/12/2011 7:42:37 AM
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Just to complete the picture, I would like to report another (recent) attitude: savings on labour costs. I have experienced several heads of procurement are proud for cut costs on daily tariff from their suppliers, especially in the area of services. "We have changed the mix, we asked supplier to provide junior people instead of senior". I have heard similar sentece, several times. What's the result? What's service's quality achieved? Considering the end-to-end process, low quality costs much more  a senior which ensure a professional work.

Jacob
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Re: What clothes
Jacob   10/12/2011 2:44:22 AM
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1 saves

Yes, the growth of any industry depends up on either the spending power of people or the exporting power. Since most of the finished products are selling within the country itself, the spending power can affect the production drastically. This may intern end up in winding up of the company and hence increased the unemployment rate.

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