What Changes In An Unchanged Economy?

By 2009 the recession caused 10% unemployment in the U.S

. and affected almost every industry. For example, as of 2009's third quarter pilots and flight engineers, because of things like staycations and internet business meetings, experienced the biggest percentage of job losses - 30.4%. Mechanical engineers, largely due to the hard hit car industry, had the second biggest percentage of losses - 18%. Architects, because of the downturn in construction, had the third biggest - 17.8%. The construction industry also negatively affected carpenters. From apprentice to master carpenter there was a 17% loss of jobs. Only the health industry increased jobs in 2009 - but not enough for a sick economy.

In the fiscal year ending September 2009, 193,753 U.S. retailers accepted food stamps - 17% more than in 2007. For some chain stores food stamps comprised 10% to 12% of their revenue. At that time more than 37 million people received food stamps, an increase of almost 35% since the recession began late in 2007. That's 1 out of 8 Americans needing the government program to put food on their table. Considering the government estimated up to 16 million more people could have qualified for food stamps at that time, the situation could have been thought of as an economic "stamp-ede".

In November 2009 Air Tran Airways put 2 1/2 by 9 inch ads on the bottom of seat-back tray tables. The airline estimated passengers would look at the ads for 30 to 60 minutes - including when the tables had to be in their upright, locked position for takeoff and landing. Although US Airways had put ads on top of tray tables on some of its planes years ago, Air Tran planned to put ads on all 138 planes. Dublin-based, budget airline Ryanair, however, has ads on tray tables, overhead bins and planes' exteriors - obviously being more "ad-vanced".

Because of the 2009 financial crisis in Iceland and a contractual agreement with the world's largest hamburger chain to import all franchise goods from Germany, all 3 McDonald's in Iceland were closed. To be profitable the cost of a Big Mac would have had to go up 20% - from $5.29 to $6.36, making it the world's most expensive Big Mac. Currently that record in jointly held by Norway and Switzerland at $5.75. In 2002 McDonald's closed in 7 countries. When McDonald's closes, the beef is with the economy.

by: Knight Pierce Hirst

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