Message:

<p>[QUOTE=&quot;howboutatrade, post: 1612176, member: 10387&quot;]Cuts in Pay...in a non contracted workforce, cuts in pay will result in people switching jobs, or a rebalance of the payrate, which if it goes down, must have been above market equilibrium rates prior.&nbsp; Cutting pay may or may not impact collecting as the person with less money still must decide where to spend and may very well spend on collectibles.&nbsp; In general, I would agree less spending on collectibles as a whole because folks like food, relationships, and safety more.</p><p><br /></p><p>Reduction in Workforce...this is a direct result of baby boomer retirements, with a smaller generation behind them.&nbsp; This will create a skill gap, and a demand increase for those that have the skills, and will increase pay as skilled folks switch jobs.&nbsp; These skilled folks will have increased discretionary funds to spend on collecting.</p><p><br /></p><p>Reduction in Unemployment Insurance...this should not impact the coin market.&nbsp; Most folks cannot live on unemployment as the goal is to be employed.&nbsp; So if unemployed, I doubt there is much spending going to collectibles.&nbsp; </p><p>&nbsp; </p><p>Employee Give Backs...not sure what you mean on this one.&nbsp; May be some changes in employee benefits or contracted labor rates, but I dont know anyone that gives back income.</p><p><br /></p><p>Elimination of Pensions....been going on for years with a move to 401k and other self funded retirement methods.&nbsp; Many of the younger generation will view collecting as an investment and spend more on collecting because they need to create a retirement nest egg.&nbsp; Especially true with precious metal produced collectibles like gold, silver, and platinum numismatics.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in