Why Ford and Other Firms are Laying Off Employees with Michael Snyder

Why Ford and Other Firms are Laying Off Employees with Michael Snyder

Over half of Americans are living paycheck to paycheck. But what happens when big firms start laying off workers and close down stores? Michael Snyder is back to explain the wave of layoffs happening from Ford to Dressbarn. Be encouraged to know if you lose your job, God has something greater for you.

20 Minutes • a month ago

Episode Notes

 

Greenelines with

Dr. Steve Greene

Guest: Michael Snyder

Over half of Americans are living paycheck to paycheck. But what happens when big firms start laying off workers and close down stores? Michael Snyder is back to explain the wave of layoffs happening from Ford to Dressbarn. Be encouraged to know if you lose your job, God has something greater for you.

Introduction

Dr. Steve Greene: It's that time again, I have the honor to introduce my favorite guest. He's the only guest I've had back so frequently because you, our listeners, continue to tell us how much you enjoy Michael Snyder, how much you want to hear more from him. We carry his column on Charisma News. His website is one that you just can't miss. It's powerful. We'll talk more about that as we get started. But today, I want to deal with a topic that he's written about on his site. His website that we're going to be dealing with today is themostimportantnews.com. It's a powerful site. It's easy to find, just type it in, you'll get there, and hold on to your seat because you're going to read some really great writing from Michael Snyder.

 

 

Subscribe to the Greenelines Podcast and Newsletter

 

I want to read your headline and we'll just dive right into the middle of it. You wrote this just recently and you say, even before the recession is officially begun, some large us firms are laying off thousands of workers. So, here's the message, big firms are laying off average, everyday people. Some of them are leaders, some are managers. But we start with a pretty big company doing layoffs. Why don't you dive in with that and let us know what Ford's up to.

 

Michael Snyder on Charisma News

·         Are We on the Brink of a Global Food Crisis?

·         Scientists Sound the Alarm on 5G Networks

·         How the Trade War is Going to Affect You and Your Family

·         Do You Even Care That America’s on the Brink of Apocalyptic War with Iran?

·         What I Just Saw in the Sky Shook Me to My Core

 

Michael Snyder: On Monday, Ford Motor Company, one of the biggest auto manufacturers in the entire world, announced that they're going to be laying off approximately 7,000 workers. Now that's a huge layoff. Each one of those 7,000 people represents a real person with real hopes, real dreams, a real family they have support. So, a lot of people say, well, wow. If the economy was about to start doing really well over the next few years, that doesn't make a lot of sense because Ford would need people as the economy expands as sales expand. But if they were anticipating that the economy was about to really slow down, then this move would make perfect sense. Of course, we've seen auto sales down across the entire industry lately. The auto industry is just one of the industries that's very, very troubled. But of course, Ford is not alone in laying off workers, Nestle, their U.S. unit just announced they're going to be laying off about 4,000 worker. 3M, the people who make Post It notes, they just announced, they're going to be laying off about 2,000 workers. MGM Resorts just announced they're gonna be laying off about 1,000 workers. A lot of a lot of women that may be listening today are familiar with the retail chain, Dressbarn, they just announced they're closing all 650 of their stores and that's going to result in thousands of job losses. So, it goes on and on and on. We’re starting to see a wave of layoffs and particularly, that last example, I mentioned the retail industry. Well, we're on pace to absolutely shatter the all-time record for store closings in a single year. In recent years, we've seen stores shut down and some shifting to online and so forth. But we've never seen a year like this year. We're going to more than double the store closings from last year.

 

Listen to Other Greenelines Podcasts with Michael Snyder

·         Michael Snyder talks About Troubling Corn Ratios and How the Trade War Affects Your Family

·         Why 102 Million Americans Do Not Have a Job right Now with Michael Snyder

·         The Moral Collapse is Spinning Out of Control with Michael Snyder

·         Michael Snyder Asks: Are We Destroying the Future to Live in the Present?

 

It’s just really become a tsunami. So, we've got the auto industry in trouble, we've got the retail industry in trouble. Then, of course, in the middle of the country, the farmers. Just yesterday, there were more tornadoes, more massive storms in the middle of the country. The last 12 months have been the wettest in all of us history. We’ve never had a 12-month period like this. So, we talked about on the last program the corn farmers have got less than half of the corn in the ground that they normally would this time of year. I heard from some of my readers that even a lot of the farmers that have been able to get seed in the ground, it’s having a really hard time taking root because the ground is just absolutely saturated. Meanwhile, we've got the trade war really ramped up … the rhetoric between the Trump administration and China becoming very, very heated, very angry. And already, even before this, global exports, which is a key measurement of global economic activity, had fallen to the lowest level since 2009, the last recession.

Dr. Steve Greene: I understand the capital goods industry getting hit first. I can understand Ford.. But when you go to a firm like Nestle … I even understand retail, and the battle for the dot com industry, what they're doing to retailers, I get that. I'm having trouble with this Nestle story. There are parts of the company that delivers frozen pizza and ice cream. If we're getting hit at the consumer good level, we've got something going on. It's serious.

Michael Snyder: Oh, we really do. We see all kinds of other numbers which tell us that consumers are struggling right now. In fact, we talked about autos earlier. We've got 4.2 million unsold vehicles in the United States today, just an incredible backlog. U.S. auto loan delinquencies, people getting behind and not paying their auto loans. That's now reached the highest level since the last recession. U.S. credit card delinquencies, people getting behind on their credit card payments, is at the highest level in eight years since the last recession. So, you will hear me saying the last recession a lot. What all these numbers are telling us is that now similar periods, similar conditions are upon us again and getting worse. The economic activity is slowing down. U.S. consumers are being hit really hard. So, it's an alarming time. For a lot of people, it’s a troubling time. A lot of people are looking at ahead, especially with this trade war with China, which pretty much everyone agrees is it’s going to hurt China, it's gonna hurt us, it’s going to hurt the entire global economy. People are looking ahead and saying, wow, this slowdown could get pretty serious.

Dr. Steve Greene: I want to alert our listeners that we did an interview with Michael, just a little bit ago, maybe a week ago, about the trade wars. I really strongly suggest you listen to that for an in-depth interview with Michael Snyder on his opinions on what this could mean for all of us for every one of our families. And with that, let's think about the fact that you've got another story up on your website that troubled me a lot. That's that about one out of three United States households, one out of three families, are living paycheck to paycheck. This doesn't work well, with unemployment, with someone losing their job, and they're living paycheck to paycheck. Speak to us about that.

Michael Snyder: Actually, it's a higher number than that. There was a survey that was just conducted by Charles Schwab, the big financial company. They wanted to know how many Americans are currently living paycheck to paycheck. What they found was that 59 percent of all Americans are currently living paycheck to paycheck. So, we've got well over half the country, well over half, that are just struggling to get by from month to month. So, then, if something comes along, like you lose a job, which I personally know several people in my circle, that have just lost their jobs recently. So, this happens to people. A sudden job loss comes, and if you're living paycheck to paycheck, you don't have a cushion in your bank account to pay the mortgage, to pay your bills, to do whatever. So, you could go from living a middle-class lifestyle to suddenly, I'm behind on my mortgage, I'm losing my home. We’re suddenly falling on very, very hard times very rapidly, which we saw during the last recession. It looks like now here comes troubled economic times ahead, and with 59 percent of all Americans are living paycheck to paycheck, we could see a similar scenario play out where all of a sudden, we've got just millions of people that can't pay their mortgages and are going through hard times. You combine that with how many Americans are living on the financial edge with the current financial, economic conditions and where it looks like things are headed, and that spells big trouble.

Dr. Steve Greene: That makes depression imminent. If we’re looking at 50 percent of the U.S. households are unemployed, either because they can't move from here to there, they can't make a career change that might involve geography. If there strapped, they're in trouble. And now when people can't pay their bills, it's just domino effect. Retail will feel it, and there will be more unemployment.

Michael Snyder: And let's bring in another piece of the puzzle here, which we briefly mentioned on the on the last podcast. As Christian believers, we also know there's a supernatural element to all this and that God is in control, but that God also warns us about things to come. And in last podcast, we mentioned that about a decade ago, John Paul Jackson was shown by the Lord that about a decade from then, in other words, our time, that very, very difficult economic conditions would be coming to the United States. He called it a perfect storm. And there's other elements to the perfect storm as well. But of course, so many other men and women of God have also been shown the same thing. So, as believers, we know that the Lord, He warns us in advance of things that are coming not so that we can be afraid, but so that we can know He's in control. He has a plan. He knew about all this in advance, and He will bring us through. But, a lot of people say, Michael, you know, sometimes you talk about some hard things that doom and gloom. But really what we want to do is we want to highlight what the Lord is showing us because this is how God operates. In fact, if you go to Isaiah chapter 46:9-10, some of my favorite verses, it says this: Remember the former things of old for I am God and there is none else. I am God, there is none like me, declaring the end from the beginning and from ancient times the things that are not yet done. So, what God is saying there is that one of the ways that you know I am God is because I tell you history in advance. That’s a way God self-authenticates, in that he tells us the end from the beginning.

 

·         Isaiah 46:9-10: Remember the former things of old, for I am God, and there is no other; I am God, and there is no one like Me, declaring the end from the beginning, and from ancient times the things that are not yet done, saying, “My counsel shall stand, and I will do all My good pleasure” (MEV).

 

And then in Amos 3:7 … and this is from the MEV, the Modern English Version. I love the way Amos 3:7 is rendered in the MEV. It says surely the Lord God does nothing without revealing his purpose to his servants, the prophets. A lot of Christians out there in the Christian world today say well, that's Old Testament. Well, in the book of Joel, chapter 2, verse 28, it says, “And it shall come to pass afterward that I will pour out my Spirit upon all flesh, and your sons and daughters shall prophesy, your old men shall dream dreams, and your young men shall see visions. Also, upon the servants, upon the handmaidens, in those days will I pour out my Spirit, talking about the last days that there's going to be dreams and visions, and a great outpouring of the Holy Spirit. And that's what we see in our time, where the Lord is warning us about things that are to come and that we're living in the end times, we're living in the last days, and there's going to be things that are coming in the last days that are very concerning. The Lord does this for His purposes, for His reasons, and He wants us to know about what's coming. He's warning us about these things.

 

Connect with Michael Snyder

·         Theimportantnews.com

·         Endoftheamericandream.com

·         Theeconomiccollapseblog.com

·         On Facebook

·         On Twitter

·         On YouTube

 

 

 

Greenelines Host Information

Dr. Steve Greene is the Publisher and Executive Vice President of Charisma Media. Dr. Greene received his Ph.D. in marketing from Memphis State University. He has worked in television station management and worked directly with over 80 stations throughout the United States. He has worked in marketing capacities with McDonald’s, Jiffy Lube, and Stanley Steemer. He has owned restaurants, a national advertising agency and a syndicated marketing research firm. Dr. Greene has served as the Dean of the College of Business and professor of marketing at Oral Roberts University. He is also the author of Love Leads, which dispels the myths and misconceptions many have come to accept about leadership.

To learn more about Dr. Steve Greene, connect with him on social media!

Facebook: https://facebook.com/drsgreene/

Twitter: https://twitter.com/DrSteveGreene

Instagram: https://www.instagram.com/dr.stevegreene/

Episode Notes

 

Greenelines with

Dr. Steve Greene

Guest: Michael Snyder

Over half of Americans are living paycheck to paycheck. But what happens when big firms start laying off workers and close down stores? Michael Snyder is back to explain the wave of layoffs happening from Ford to Dressbarn. Be encouraged to know if you lose your job, God has something greater for you.

Introduction

Dr. Steve Greene: It's that time again, I have the honor to introduce my favorite guest. He's the only guest I've had back so frequently because you, our listeners, continue to tell us how much you enjoy Michael Snyder, how much you want to hear more from him. We carry his column on Charisma News. His website is one that you just can't miss. It's powerful. We'll talk more about that as we get started. But today, I want to deal with a topic that he's written about on his site. His website that we're going to be dealing with today is themostimportantnews.com. It's a powerful site. It's easy to find, just type it in, you'll get there, and hold on to your seat because you're going to read some really great writing from Michael Snyder.

 

 

Subscribe to the Greenelines Podcast and Newsletter

 

I want to read your headline and we'll just dive right into the middle of it. You wrote this just recently and you say, even before the recession is officially begun, some large us firms are laying off thousands of workers. So, here's the message, big firms are laying off average, everyday people. Some of them are leaders, some are managers. But we start with a pretty big company doing layoffs. Why don't you dive in with that and let us know what Ford's up to.

 

Michael Snyder on Charisma News

·         Are We on the Brink of a Global Food Crisis?

·         Scientists Sound the Alarm on 5G Networks

·         How the Trade War is Going to Affect You and Your Family

·         Do You Even Care That America’s on the Brink of Apocalyptic War with Iran?

·         What I Just Saw in the Sky Shook Me to My Core

 

Michael Snyder: On Monday, Ford Motor Company, one of the biggest auto manufacturers in the entire world, announced that they're going to be laying off approximately 7,000 workers. Now that's a huge layoff. Each one of those 7,000 people represents a real person with real hopes, real dreams, a real family they have support. So, a lot of people say, well, wow. If the economy was about to start doing really well over the next few years, that doesn't make a lot of sense because Ford would need people as the economy expands as sales expand. But if they were anticipating that the economy was about to really slow down, then this move would make perfect sense. Of course, we've seen auto sales down across the entire industry lately. The auto industry is just one of the industries that's very, very troubled. But of course, Ford is not alone in laying off workers, Nestle, their U.S. unit just announced they're going to be laying off about 4,000 worker. 3M, the people who make Post It notes, they just announced, they're going to be laying off about 2,000 workers. MGM Resorts just announced they're gonna be laying off about 1,000 workers. A lot of a lot of women that may be listening today are familiar with the retail chain, Dressbarn, they just announced they're closing all 650 of their stores and that's going to result in thousands of job losses. So, it goes on and on and on. We’re starting to see a wave of layoffs and particularly, that last example, I mentioned the retail industry. Well, we're on pace to absolutely shatter the all-time record for store closings in a single year. In recent years, we've seen stores shut down and some shifting to online and so forth. But we've never seen a year like this year. We're going to more than double the store closings from last year.

 

Listen to Other Greenelines Podcasts with Michael Snyder

·         Michael Snyder talks About Troubling Corn Ratios and How the Trade War Affects Your Family

·         Why 102 Million Americans Do Not Have a Job right Now with Michael Snyder

·         The Moral Collapse is Spinning Out of Control with Michael Snyder

·         Michael Snyder Asks: Are We Destroying the Future to Live in the Present?

 

It’s just really become a tsunami. So, we've got the auto industry in trouble, we've got the retail industry in trouble. Then, of course, in the middle of the country, the farmers. Just yesterday, there were more tornadoes, more massive storms in the middle of the country. The last 12 months have been the wettest in all of us history. We’ve never had a 12-month period like this. So, we talked about on the last program the corn farmers have got less than half of the corn in the ground that they normally would this time of year. I heard from some of my readers that even a lot of the farmers that have been able to get seed in the ground, it’s having a really hard time taking root because the ground is just absolutely saturated. Meanwhile, we've got the trade war really ramped up … the rhetoric between the Trump administration and China becoming very, very heated, very angry. And already, even before this, global exports, which is a key measurement of global economic activity, had fallen to the lowest level since 2009, the last recession.

Dr. Steve Greene: I understand the capital goods industry getting hit first. I can understand Ford.. But when you go to a firm like Nestle … I even understand retail, and the battle for the dot com industry, what they're doing to retailers, I get that. I'm having trouble with this Nestle story. There are parts of the company that delivers frozen pizza and ice cream. If we're getting hit at the consumer good level, we've got something going on. It's serious.

Michael Snyder: Oh, we really do. We see all kinds of other numbers which tell us that consumers are struggling right now. In fact, we talked about autos earlier. We've got 4.2 million unsold vehicles in the United States today, just an incredible backlog. U.S. auto loan delinquencies, people getting behind and not paying their auto loans. That's now reached the highest level since the last recession. U.S. credit card delinquencies, people getting behind on their credit card payments, is at the highest level in eight years since the last recession. So, you will hear me saying the last recession a lot. What all these numbers are telling us is that now similar periods, similar conditions are upon us again and getting worse. The economic activity is slowing down. U.S. consumers are being hit really hard. So, it's an alarming time. For a lot of people, it’s a troubling time. A lot of people are looking at ahead, especially with this trade war with China, which pretty much everyone agrees is it’s going to hurt China, it's gonna hurt us, it’s going to hurt the entire global economy. People are looking ahead and saying, wow, this slowdown could get pretty serious.

Dr. Steve Greene: I want to alert our listeners that we did an interview with Michael, just a little bit ago, maybe a week ago, about the trade wars. I really strongly suggest you listen to that for an in-depth interview with Michael Snyder on his opinions on what this could mean for all of us for every one of our families. And with that, let's think about the fact that you've got another story up on your website that troubled me a lot. That's that about one out of three United States households, one out of three families, are living paycheck to paycheck. This doesn't work well, with unemployment, with someone losing their job, and they're living paycheck to paycheck. Speak to us about that.

Michael Snyder: Actually, it's a higher number than that. There was a survey that was just conducted by Charles Schwab, the big financial company. They wanted to know how many Americans are currently living paycheck to paycheck. What they found was that 59 percent of all Americans are currently living paycheck to paycheck. So, we've got well over half the country, well over half, that are just struggling to get by from month to month. So, then, if something comes along, like you lose a job, which I personally know several people in my circle, that have just lost their jobs recently. So, this happens to people. A sudden job loss comes, and if you're living paycheck to paycheck, you don't have a cushion in your bank account to pay the mortgage, to pay your bills, to do whatever. So, you could go from living a middle-class lifestyle to suddenly, I'm behind on my mortgage, I'm losing my home. We’re suddenly falling on very, very hard times very rapidly, which we saw during the last recession. It looks like now here comes troubled economic times ahead, and with 59 percent of all Americans are living paycheck to paycheck, we could see a similar scenario play out where all of a sudden, we've got just millions of people that can't pay their mortgages and are going through hard times. You combine that with how many Americans are living on the financial edge with the current financial, economic conditions and where it looks like things are headed, and that spells big trouble.

Dr. Steve Greene: That makes depression imminent. If we’re looking at 50 percent of the U.S. households are unemployed, either because they can't move from here to there, they can't make a career change that might involve geography. If there strapped, they're in trouble. And now when people can't pay their bills, it's just domino effect. Retail will feel it, and there will be more unemployment.

Michael Snyder: And let's bring in another piece of the puzzle here, which we briefly mentioned on the on the last podcast. As Christian believers, we also know there's a supernatural element to all this and that God is in control, but that God also warns us about things to come. And in last podcast, we mentioned that about a decade ago, John Paul Jackson was shown by the Lord that about a decade from then, in other words, our time, that very, very difficult economic conditions would be coming to the United States. He called it a perfect storm. And there's other elements to the perfect storm as well. But of course, so many other men and women of God have also been shown the same thing. So, as believers, we know that the Lord, He warns us in advance of things that are coming not so that we can be afraid, but so that we can know He's in control. He has a plan. He knew about all this in advance, and He will bring us through. But, a lot of people say, Michael, you know, sometimes you talk about some hard things that doom and gloom. But really what we want to do is we want to highlight what the Lord is showing us because this is how God operates. In fact, if you go to Isaiah chapter 46:9-10, some of my favorite verses, it says this: Remember the former things of old for I am God and there is none else. I am God, there is none like me, declaring the end from the beginning and from ancient times the things that are not yet done. So, what God is saying there is that one of the ways that you know I am God is because I tell you history in advance. That’s a way God self-authenticates, in that he tells us the end from the beginning.

 

·         Isaiah 46:9-10: Remember the former things of old, for I am God, and there is no other; I am God, and there is no one like Me, declaring the end from the beginning, and from ancient times the things that are not yet done, saying, “My counsel shall stand, and I will do all My good pleasure” (MEV).

 

And then in Amos 3:7 … and this is from the MEV, the Modern English Version. I love the way Amos 3:7 is rendered in the MEV. It says surely the Lord God does nothing without revealing his purpose to his servants, the prophets. A lot of Christians out there in the Christian world today say well, that's Old Testament. Well, in the book of Joel, chapter 2, verse 28, it says, “And it shall come to pass afterward that I will pour out my Spirit upon all flesh, and your sons and daughters shall prophesy, your old men shall dream dreams, and your young men shall see visions. Also, upon the servants, upon the handmaidens, in those days will I pour out my Spirit, talking about the last days that there's going to be dreams and visions, and a great outpouring of the Holy Spirit. And that's what we see in our time, where the Lord is warning us about things that are to come and that we're living in the end times, we're living in the last days, and there's going to be things that are coming in the last days that are very concerning. The Lord does this for His purposes, for His reasons, and He wants us to know about what's coming. He's warning us about these things.

 

Connect with Michael Snyder

·         Theimportantnews.com

·         Endoftheamericandream.com

·         Theeconomiccollapseblog.com

·         On Facebook

·         On Twitter

·         On YouTube

 

 

 

Greenelines Host Information

Dr. Steve Greene is the Publisher and Executive Vice President of Charisma Media. Dr. Greene received his Ph.D. in marketing from Memphis State University. He has worked in television station management and worked directly with over 80 stations throughout the United States. He has worked in marketing capacities with McDonald’s, Jiffy Lube, and Stanley Steemer. He has owned restaurants, a national advertising agency and a syndicated marketing research firm. Dr. Greene has served as the Dean of the College of Business and professor of marketing at Oral Roberts University. He is also the author of Love Leads, which dispels the myths and misconceptions many have come to accept about leadership.

To learn more about Dr. Steve Greene, connect with him on social media!

Facebook: https://facebook.com/drsgreene/

Twitter: https://twitter.com/DrSteveGreene

Instagram: https://www.instagram.com/dr.stevegreene/

15

0:00/20:23

Why Ford and Other Firms are Laying Off Employees with Michael Snyder