Woodworkers and the “new economy”

How is the current economic situation affecting woodworkers specifically? This was a question recently posted on the forum but I thought it would be a good topic to bring to the front. My own response was as follows:

If the economy “gets fixed”, all will benefit. People need to feel confident that if they spend some money, they will be able to get more. We, as woodworkers, are “working people”. We need an economy in which people feel OK about buying our work. Most of what we do is not essential for survival. We are pretty much dependent on people having some discretionary money.

Right now I have a decent project in the shop. It’s not a “fat” job by any means, but it’s a job that will keep us going for a few months. Plus, the clients are feeling the pinch and they are trying to cut corners wherever they can. After this? Right now it’s anyone’s guess. The guys next door to me run a door shop. For years now they have typically done an average of ten houses a day. Right now they are averaging one. They have laid off most of their guys and cut their shop in half. They are “hanging in there” for now but they are not very optimistic.

President elect Obama has a huge task to perform. The current administration has completely decimated not only the economy but the environment, our “status” in the eyes of the rest of the world and everything else to boot. They have, in effect, thrown open the henhouse doors and told the wolves, “Come on in boys …”

We have, as a nation, given Obama & Co. an opportunity to improve the situation. There is no guarantee they will be able to do so. Time will tell. But there is no doubt that as of [election] night, the world and especially our country is forever changed. Hopefully, this change will be for the better. It’s hard to imagine anyone doing a worse job than those who have been in power for the last seven and a half years.

D.D.

COMMENTS

  1. RJ Spomer wrote:

    Hi David,

    Like you I’m concerned. My business comes from people who have disposable income. The ones making more than $250,000 a year. If the new administration plans on taking their money and giving it out to the poor, I doubt that the poor are going to start buying my furniture. If you want to place blame on someone lets start with the current and past congresses. The Freddy and Fannie May and all their accomplices. Forcing banks to make subprime loans. I believe the market will work out and the foreclosed homes will be sold but it’s going to take some time. Now is not the time to add a bunch of feel good give away schemes. we need a congress that will hold down unnecessary spending and cut taxes so that all people get a break even the evil rich. My business and money comes from them. I would like to see incentives for the small business man rather than another plan to get in their pocket. It cost me more per kilowatt for single and 3ph power than residential, my phone cost more my garbage pickup is more my water is more. Why? I run a one man shop and I am in a low tax state. I can’t imagine what it is like in California with all your regulations. There are a lot of people out there running a business out of their garage that do not pay commercial rates do not pay a personal property tax on their equipment do not pay rent or a shop mortgage do not even have a business license. Is that what the answer is go under ground? I think the answer is cut taxes, cut back on unnecessary regulations. I don’t need a hand out I need customers.

    Thanks RJ

POST A NEW COMMENT




The content of this field is kept private and will not be shown publicly.

Comments *



* Required fields
Read our Comments Policy