How does this affect you and your personal household economy?
1. Your Jobs
Do you or any of your family members work for the companies that make these gas ranges? Guess which companies will be making fewer to no gas ovens/ranges when they are outlawed.
And who’ll be losing their jobs when said companies will have to cut back on employees when this happens? And what happens when they have to shut down alltogether because the only product they made and sold is now outlawed?
Bottm line, anyone who used to work building and selling said ranges is sh** out of luck.
2. Homeowners Who Use Gas Ranges
Yes, you are screwed if your range stops working and you have to buy a new one. (We had one blow up on us 3 years after we moved into a brand new house-yikes! This kind of stuff does happen.)
If a home is piped to use natural gas for heating and cooking on a gas range, this home will have to be upgraded. And believe me, this type of construction can’t be easily undone and rebuilt. Not to mention the extreme expense to do so. This isn’t cheap!
For example, my husband and I just had our entire heating and AC system (29 years old) upgraded to heat pumps. In order to pay for this we had to pull $16,000 out of my 401k to pay for this. If we weren’t over a certain age (62) and if we hadn’t saved for 35 years, this wouldn’t have been possible.
The average family just doesn’t have that kind of money laying around.
So what do you do?It appears to me that you, along with millions of other people will be left with… what? No way to bake & cook meals
And don't let politicians try to tell you that they are the "average every day person." Look at their homes and how they live: they're not.
3. Hardware Stores Who Sell Gas Ranges
Yep, you guessed it: If there’re less gas ranges to sell, then there’s no need for employees to sell them.
And then those unemployed people have,
- Less money to spend on groceries and other products and services.
- Which ties to those stores now bringing in that much less money.
- Which leads to them not being able to pay as many workers.
- Which leads to more layoffs.
Of course there is one other possible solution that could cover the cost of lost sales:
Raise the prices of the products he's still allowed to sell.
If you're anything like me, this may not go over really well the next time you need to buy a replacement stove.
Can you see how ONE decision...
...made by one person in a position of power (the POTUS) can have such a huge impact on so many people?
Not just millionaires but average every day people like you and me who are working our butts off and maybe just making ends meet.
This is an example of how the “economy” works and how we are all affected by decisions made by politicians in Washington.
Understanding how the economy and how it affects you is one of the more important Life After 18. Knowing this allows you to make better informed decisions and choices when you vote.
Your knowledge is your super power!
Jan