Sociology-202
4:34pm
10/31/08
Dire forecast of one million layoffs inflated
Many jobs in Thailand are predicted to be cut next year. The FTI or the Federation of Thai Industries has analyzed the future loss of jobs and reasons for job cuts in this article. Thaveekij Japurajarernkul, the vice president of FTI, said that “one million jobs could be lost next year in line with a decline of up to thirty percent in purchase orders as the world economy declines”. A meeting with FTI members will be held soon in order to discuss the “economic forecast” and make a few changes to it. Although the vice president of FTI thinks that the loss of one million jobs can be cut next year, the members think otherwise. Many members of the FTI have “rejected the possibility of one million layoffs”. It seems as though the calculations for next year are not particularly being agreed upon and are cloudy. Hopefully the negative predictions of the loss of jobs next year will not come true. Once a lot of people start losing their jobs, then the population in general becomes unhappy or experiences feelings of depression. This would also lead people to have a decrease in income which will cause the demand for products to go down, therefore causing more problems for the economy. The only way to know what will happen next year is to wait and find out.
"Dire forecast of one million layoffs inflated." Bangkok Post. 29 Oct. 2008. 31 Oct. 2008
2 comments:
So many people are freaking out about the economy but I still see thousands of jobs posted on employment sites.
www.linkedin.com (networking)
www.indeed.com (aggregated listings)
www.realmatch.com (matches you to jobs)
good luck to those searching for jobs.
Unemployement is a hard nugget to chew. Though there may be jobs posted on some employment sites, it does not mean that the individual is qualified to do the job or its wages are not enough to support their families.
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