SINGER: [O]ne of the problems with the situation that we have right now is number one, if you go into almost any retail store today of any time, you'll see many baby boomers working the registers and on the floors because they can't afford to retire, and those jobs typically went to younger people.
If you go into a Trader Joe's or Whole Foods, you'll see a lot more senior citizens. You'll see a lot of folks that have MBAs. If you get into a limousine these days, very often, your driver is a former stock broker. And at the end of the day, what it comes down to is that undercounted in our statistics are people, to some degree, who have just given up looking for jobs, not really accounted in the labor statistics, or folks who are, to some degree, underemployed. . .
Forbes: The recession has led to lots of cost-cutting measures. That trip to a Caribbean island is on hold, you only go out to eat for special occasions and the Armani suit will have to wait. However, once people start feeling more confident about the economy, those consumers who are starved for their rack of lamb will be headed to the nearest restaurant. So raise a glass; here's to eventually eating, drinking and traveling our way out of this recession. Clink.
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