Quotulatiousness

October 4, 2013

QotD: Depression-era thinking

Filed under: Economics, History, Quotations, USA — Tags: , , , , — Nicholas @ 00:01

Everybody wants everything now. I caution persons slightly younger than me that life was not always as rosy as it has been for the last 20 or 25 years, at least for the most part. There was a time when it was very difficult for a hardworking family to get by, and you jumped on any work situation that promised even a modicum of stability. With both feet. You’d accept work situations that would look like indentured servitude now, more or less. You never ever ever quit your job before you had another one. Never. And it took real nerve to buy a rundown building like this and turn it into something.

My elders warned me about the Depression. It led them to certain habits which seem like madness now — overreaction and paranoia. When you hear about honest people hoarding cash outside of banks, saving newspaper and cardboard and scraps of this and that, never throwing anything away, always afraid that all prosperity is ephemeral — that’s the Depression talking.

Twice in my working life, unemployment in the construction business has exceeded 25% for a substantial stretch. That might be news to you civilians, but the reason you can’t find anyone to do anything for you that involves heavy lifting, hammers, and speaking English, is that everyone but the hardiest souls and people with nothing but a strong back were driven out of the sector for sunnier economic climes. Everybody bailed out if they could manage it.

Sippican Cottage, “I Know That Smell”, Sippican Cottage, 2013-10-03 (originally posted in 2006)

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