For some, it came as a surprise when General Motors announced that they were laying off nearly 15,000 factory workers. For others, the mass layoffs and the closing of five factories were another sign of how big corporations are seeing an increased bottom line, but American workers, especially in industrial towns, are still struggling.
Is Another Recession On Its Way?
The unemployment rate remains at its lowest point in 50 years, but there are ominous signs regarding the economy. The stock market has taken a recent tumble, and those fluctuations led to Oxford Economics declaring that there would be a 1 in 4 chance of a recession in the next 2 years.
The past year also saw the highest deficit in 6 years, which the Congressional Budget Office attributed to the recent corporate tax cuts. The debt increased as well, approaching 1 trillion dollars.
Meanwhile, the Congress voted in early 2018 to weaken banking regulations, which were implemented to stave off another recession.
Why a Truck Driving License is the Saving Grace for American Workers
The warning signs are glowing, and the number is growing. With unemployment at extreme lows, the question isn’t if the bubble will burst; it’s when.
That’s where truck driving comes in. Truck drivers are in high demand. Very high demand. This is a job that needs to be filled, and the shortage has caused wages to rise in recent years.
If other sectors of the economy falter or the country experiences the mass layoffs that accompany a recession, truck driving will be there as an employment opportunity. While an economic recession could slow the need for large electronics or luxury goods, truckers are still needed to haul food and other necessities around the country.
There’s simply no replacement for truck drivers.
Why a Truck Driving License is Good for Anyone
Truck driving is also a job that anyone can get into. With just 3 to 6 weeks of training, a person can get their Commercial Driver’s License (CDL) and get on the road.
Trucking school is relatively inexpensive, and aspiring drivers can even get their training paid for by trucking companies.
Because truck driving is quick and easy to get into, a CDL is a great insurance policy against any impending recession. With a CDL in hand, you have a job.
Recessions hurt everyone, and nobody likes being forced to switch careers. But a truck driving license ensures you can always put food on the table, and for that reason alone, it’s a one-of-a-kind insurance policy against economic catastrophe.