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The impact of economic recession on ordinary people

What ordinary people expect most is a stable job and a good income. If the global economy falls into recession, then the most direct impact is the impact on the market and the industry. The influence of industry and market directly affects the employment rate. The first impact of economic recession is enterprises, and the decrease of consumption and demand leads to the decrease of employment opportunities. Under this circumstance, the unemployment rate will rise sharply; We can compare with the Great Depression of the last century, when the employment rate dropped sharply and all kinds of jobs were lost. If the global economy declines, it is likely that ordinary people will face the difficulty of unemployment, and at the same time, the chances of re-employment after unemployment will drop significantly.

Economic recession, depreciation of assets, falling prices, reduced profits of enterprises, the closure of some enterprises, and the increase of unemployment rate have little impact on the civil servants, and may even feel that the pressure of life is reduced, which has the greatest impact on industrial workers, unemployment or wages are reduced, and the pressure of life is increased. Then the government's monetary policy is relaxed, and the rich can borrow a lot of money from banks to buy depreciated assets, including many assets that ordinary people have sold because of the increasing pressure of business and life. Of course, the economic recession has also given ordinary people the opportunity to use monetary easing to raise funds to buy suitable assets and eventually become rich.

During the global economic recession, many companies will reduce their employees' wages to maintain their costs. When all companies start to reduce their wages, people will become more reluctant to spend money, and then enterprises will become more unprofitable. From then on, the state will also adopt plans to stimulate the economy. During the economic recession, because some countries have no habit of saving money, they will be driven out of their homes and become homeless after being laid off, and social security will be chaotic.