Paradox: good economy with economic anxiety

[Ma'ake]

There's an interesting paradox we see ongoing today: impressive aggregate economic performance combined with fairly widespread economic anxiety.

Why are so many people so concerned about their economic livelihoods while the economy is doing well, overall?

My hunch: human beings are more accustomed to stability & predictability and feel better when those factors are better ensured. It has always been an uphill sales job to convince people who've lost their jobs (or who are fearful of such) that "creative destruction" is really a good thing and that in the long run they'll be better off.

I submit this phenomenon is another example of where more is sometimes less. Many are doing very well, yet are anxious about the future, and I think the liberalmedia is at best only minimally to blame. When companies lay off with little to no warning, or when smaller combatant companies get swept aside in competition, it frequently has an acute impact on individuals & their families. These tales travel like wildfire and people are naturally fearful.

Is there a solution? Maybe not, as requiring companies to provide more leadtime for layoffs would be seen as interference in private economic affairs.

My hunch is this is much like the healthcare debate - there are really no good answers, and politically, the measures that could be taken are anathema, thus, nothing much will be done.

It is just part of life.