$4.00 Gas Around the Corner: Impact on Job Market and Economy???
According to cnn.com, $4.00 a gallon for gas is around the corner. The only question, according to this expert is, “The question is how high will it go and how long will it last?”
How will it affect the U.S. economy? Will it come to a screeching halt? Will the stock market plunge and gold soar?
And, how will it affect the job market? I suspect
we will get a pretty good idea soon as to the impact of the gas price increase. I also will guess it will not be be good for the economy, so fill up your gas tank(s) now, and hang on to that job you have.
Your guess is as good as mine, so read more here about the price of oil and where it is headed (hint: up, up, and away).
Here in New Jersey where I live, just about everybody uses their drives to earn a living, if only to commute to work every day.
This out-of-control gas price situation is having a direct impact on our wallets.
I would hope that employers will accelerate their adoption of telework so that at least some workers could stay home and still work.
Terry
Five years ago I was in London for a seriees of meetings and to visit with a new Recruiting office we had just opened. The gas price there was over $5/gal at the time. Nearly every job order we had included a car in the comp package. Many of the ads included the logo of the BWW or Benz that came along with the postion. The US will be moving in this arena if prices on gas keep going up.
Craig Silverman
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