Early Retirement Blog

Los Angeles Mayor Antonio Villaraigosa ordered the immediate layoffs of 1,000 Los Angeles city employees, who only a day earlier thought their families had won a reprieve from financial ruin, when the Los Angeles City Council delayed their layoff decision to seek alternative methods for saving their jobs.

Los Angeles government workers got one night’s good sleep, before they will once again, begin staying up late into the night, calculating how long they will be able to keep their house without a job.

Laying off Government workers during a recession is the absolute worst thing state and local governments can do to their economies.   In fact, state and local governments should be hiring, not firing workers.   Governments should do everything possible, including raising taxes, to avoid layoffs.

Layoffs harm the individual, their family, the community, the organization doing the layoffs, and the economy.

To the 1,000 Los Angeles City employees who were laid-off, my advice to you is to find out if you can retire, before you start looking for another job.   Use Green Retirement’s free retirement calculators, to discover if you can turn a negative situation into a positive outcome.