What is that old idiom, "Don't put all your eggs in one basket"? Meaning, I assume, that if you drop the one basket, you will lose all your eggs.
And yet millions of Americans are forced into doing this very thing. Besides the self employed, how many people have more than one job that can pay their monthly expenses?
Today I was listening to the GM executives make all their apologies leading up to the mass layoffs that are sure to continue as GM goes through bankruptcy proceedings.
And it occurred to me. Why are employees forced to put all their eggs in one basket? Couldn't an auto worker spend one week at a GM plant and the next week at a Ford plant?
People get bored of doing the same thing every day anyway. What if you could have two careers. What if you could be an Astronomer at the McDonald Observatory in Fort Davis for one week and the next week be a store manager at the McDonald's in Alpine. If either job evaporates, you will have the other one to fall back on while you patiently look for another.
Granted companies would have to hire and train twice as many people, but at about the same monthly rate. Instead of paying 1 person $100k/year they'd pay 2 people $50k/year. If done right, it would be less risk to the company. After all, they don't want to put too many eggs in one basket either. I can't tell you how many times one of my employers warned me about documentation in case I got hit by a bus.
Theoretically, it would help the economy because if we lived like this we'd never hit bottom. We'd possibly hit 50% for a spell, but it would be much more difficult to hit zero. As they say, "one is too close to none".