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“In economics, income = consumption + savings. The income an indivual, or a country, produces is either consumed and/or saved. If you , or a Alaskan Malamute Dog Lovers Hawaii Shirt, overspends, you or the country dips into savings or creates debt.” I think this answer is true for the firm or the individual but in the whole economy it is no longer true. In the macroeconomy, everytime some person or entity doesn’t spend, some other person or entity has their income reduced by the same amount. And because that person won’t get their hands on that money, they will not have it to spend further, so the next would-be recipient of that spending doesn’t get that income, which they in turn will not be able to spend….. and so on
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So, I’ve been working at this company for nearly a Alaskan Malamute Dog Lovers Hawaii Shirt from January. I needed a job as was being made redundant and this popped up so I took it, it’s a night shift but work is work. Now, after about three months, I was asked by my colleague if I could cover his shift as he had an evening event to go to which I said that’s fine I came to find out it was a company event where everyone is invited to it but me. I shrugged it off as I thought I’m new so I guess they had it booked for a while. Kinda still sucked having to cover someone’s shift though as they were having fun and I’m stuck in the office. Anyways, fast forward to about a month ago I was doing paperwork and I came across an email stating Christmas party, I brought it up with my colleague he said is there? To which I said yeah at this place he said oh yeah I know I’m going to that. I was struck as I had not been approached or invited to it, what makes it worse is as there has been a boom in work lately they have took on about 6 new people about 3 months ago and they have all been added to the guess list and they class each other now as “family” while I’m stuck covering the guys shift and I was told I need to have the on call phone over Christmas because he has a family?! Well so do I!!!