Currently there is an economic CRISIS!!! We all know it as there is no avoiding the constant chatter and new about it. So does this mean that this crisis can be positive for sustainable development?
Well here is some facts and figures about it: with unemployment rising to 1.97million between October and December it is the highest level since 1997. For January, the number of those getting job seeker's allowance added 73,800 to reach 1.23 million.
The unemployment rate hit 6.3%, the highest since 1998, and comes as The Bank of England recently warned of a "deep recession" for 2009. Continually on the radio and TV they are giving advice for those who are unemployed to seek out Citizens advice, who are pitching for those out of work to take part in voluntary work and education. One video that demonstrates a person facing the down fall is on http://news.bbc.co.uk/1/hi/business/7882745.stm.
My view of this is mixed. Firstly it could be positive as with a reduction of income for families, living costs will be cut to what is within the necessary needs. Meaning that there is less consumption.
However can this really change a persons' living habits? As to me when going past the large retail shops such as DFS and Curries the car parks are still full. The towns are still buzzing with people spending. To me despite shop closer and a cut in jobs those that have not been hit are splashing out using what money they have without a care. People will continue to see the HUGE red sale signs in the window and take advantage of a "deal".
Though there will be an increase in reuse of products, such as greater second hand car sales. This can only be seen as a positive out look of what is though of as such a bad time.
So will people cut down or live for today? To me those that are really hit with loss of jobs will have no choice while others continue to spend and consume outside of their needs.
But after this period and life picks up it can not be predicted as to if the population will learn from this mistake of human greed or cut down to the essentials. I hope that this situation will bring about change for the better, with people living within their means.
Reference
BBC News, (2009), UK Job loss total at 1.97 million, BBC News, Available,
http://news.bbc.co.uk/1/hi/business/7882745.stm [Accessed 16.02.09]
Well here is some facts and figures about it: with unemployment rising to 1.97million between October and December it is the highest level since 1997. For January, the number of those getting job seeker's allowance added 73,800 to reach 1.23 million.
The unemployment rate hit 6.3%, the highest since 1998, and comes as The Bank of England recently warned of a "deep recession" for 2009. Continually on the radio and TV they are giving advice for those who are unemployed to seek out Citizens advice, who are pitching for those out of work to take part in voluntary work and education. One video that demonstrates a person facing the down fall is on http://news.bbc.co.uk/1/hi/business/7882745.stm.
My view of this is mixed. Firstly it could be positive as with a reduction of income for families, living costs will be cut to what is within the necessary needs. Meaning that there is less consumption.
However can this really change a persons' living habits? As to me when going past the large retail shops such as DFS and Curries the car parks are still full. The towns are still buzzing with people spending. To me despite shop closer and a cut in jobs those that have not been hit are splashing out using what money they have without a care. People will continue to see the HUGE red sale signs in the window and take advantage of a "deal".
Though there will be an increase in reuse of products, such as greater second hand car sales. This can only be seen as a positive out look of what is though of as such a bad time.
So will people cut down or live for today? To me those that are really hit with loss of jobs will have no choice while others continue to spend and consume outside of their needs.
But after this period and life picks up it can not be predicted as to if the population will learn from this mistake of human greed or cut down to the essentials. I hope that this situation will bring about change for the better, with people living within their means.
Reference
BBC News, (2009), UK Job loss total at 1.97 million, BBC News, Available,
http://news.bbc.co.uk/1/hi/business/7882745.stm [Accessed 16.02.09]
1 comment:
Some interesting reflections here. Make sure that each blog helps you to fulfil all the marking criteria for this assignment. (e.g. try to draw upon a range of textual and visual sources in presenting your ideas)
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