Trickledown Downsizing
In an effort to cut back on spending, many professionals in big metropolitan/urban areas who do not spend much time at home find themselves taking away hours or outright firing their nannies and hired servants. Most of these professionals who work as financial accoutants, stockbrokers, lawyers, etc. have nice homes that need to be kept up as far as maintance and they also have children who should not be forced to raise themselves because their parents work too much. Instead, these professionals hire nannies and maids who are usually paid under the table so that their homes are kept attractive, their children are in good hands, and also the parents who are working so much can take time off to themselves when they need it. As a result, the professionals and hired servants find themselves bonding because there is a lot of trust, guidelines, and understanding that goes into allowing someone to gain access to your home and loved ones. So therefore a friendship forms. However, the problem comes where some of the workers the professionals hire are not legal citizens or don’t have other available job opportunities so now they are stuck on the street and their families suffer because of this as-well. So, what’s happening is basically the economy is so bad off right now, that CEOs of companies are forced to layoff or make cut backs with their employees who are the professionals, and the professionals has to do the same to those who are literally filling in for them at home which effects the the hired house-worker’s families thus creating a depressing state of economy. Hence the word “trickledown”. Will the economy get better? Sure it will. But will it get better in time to save those who are being hurt financially by it now? Probably not.