The Good News: Jobs are returning to Florida. The Bad News: The pay ain't that good. While economic indicators show unemployment numbers falling slightly, most of the jobs that are being offered are in retail and tourism- minimum wage type gigs. In industries that are well paying, manufacturing, professional services, financial (read banks)- they are still laying off workers. This week I found out that at a very expensive private school here in Miami, half of the students in a certain grade applied for financial aid. Half! This left me scratching my head and wondering why the recession is just hitting wealthier people now. Maybe they had enough resources and savings to get them through the initial hit, but now have reached the bottom of the barrel. Real estate seems to be picking up, but is no place close to what it was at the all-time high. And that's probably a good thing. The bubble we floated in for a while was just that, a bubble, and we all know what happens when it bursts.
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