The Flight From Risk

The article The flight from Risk by Robert J Samuelson informs you about the way the Great Recession has left the United States. This is with many doubts, fears and worries on how the shouldhandle and face these mood swings that the economy is having. He explores the different situations that have triggered the paranoia button on Americans. They know that it may not seem that bad at themoment but in a blink things could get worse.
The author’s main focus for this article as the title says is; should or shouldn’t people be taking risks at this moment or in the future?Samuelson speaks here for those that are jobless when he says, “ Those with work can see the devasting impact of being without”. Even though the U.S, produces many services, goods and creates jobs it’sstill not enough. This is because the income they have does not allow them to reduce their debts; in fact people are not expecting any clean income. The facts say that 8.4 million have lost theirjobs but only 1 million returned. The jobs that were lost will not return complete because of the young people that are becoming a part of this working crowd. The low percentage of jobs that arebeing created come from firms that are not willing to hire full time workers just so they don’t have to give them benefits. On the other hand companies do invest in new buildings, equipment andsoftware but it is below an 80 percent.
All of these precautions that are being taken by the ones that form part of the produce consume world are normal because they are the ones that are being harmedwhen a recession strikes. With this we can say that it does not matter if you own a company, have a well established job or be a regular American struggling to get by , you need to be cautiousbecause economic problems are unpredicted and unimagined. In conclusion work hard, create savings, be an intelligent consumer and once in a while take risks; because risk does not mean failure.