On Thursday, Mayor Antonio Villaraigosa gave the ok for officials to eliminate 1,000 city jobs as well as to begin planning future employee layoffs. This stunned many Angelenos, especially since just the day before members of the city council promised not to cut jobs for the next 30 days. What were Villaraigosa’s words? “I don’t do this because I want to. I do this because I must”. Right now, the city is running out of options to fill the $212 million shortfall that Los Angeles is facing. So as a result, layoffs were one of the first choices. If no sudden actions are taken, the state as well as the city will continue to become short of funds at an even faster rate.
The state and city are continously falling behind in funds. As a response, they decide to lay off workers. Honestly, I think firing people is in no way going to improve the state and city’s economy. Why? Because the state is laying off people, which means they will have no way to bring home money. This will then lead to these layed off workers not spending money. Then, less and less money will be cycled throughout the state and city, and wil llead to an even larger deficit. So I dont really see how firing people will help improve the state’s economy. If anything, the proper choice that needs to be taken is to create jobs, no matter what it is. This will, in the long run, help people earn money, spend money and will cause more money to be cycled through the economy.
However, Im no financial expert nor experienced enough to know whats good for the city or state. It is just an idea that Im sure other people may have. Creating jobs was what helped the US get out of the great depression. And if pulled off properly, it would help the state and city get out of their deficit too.
