Monday, August 3, 2009

Recession-> Regression-> Revolution

Consider the usual cycle of career development: College networking, The Career fairs, interviews, disappointments, appointment letters, the thrill of the hunt.
Consider the surprises brought in by the current economic situation: You're thrown out of comfort, being a middle aged person, this isn't what you want. But being someone younger, even a 28 year old, this is probably turning out to be a good thing for you, isn't it? Maybe not as secure or much of an ego booster, but surely is a bit of a different step.

The recession is having an impact that wasn't to be expected. Careers are blossoming in different places, people are becoming increasingly social, based on their needs and their new hunt for exploiting the job market. Companies are finding newer ways of increasing productivity despite axing thousands of employees, creating newer cost structures that help focus on the future. Home prices are at a low and people are moving in. I'm positive that seeing the current growth in the real estate market despite the heavy slide, it's looking a lot better on the outset than it was a few months ago.

A few months more and we'll see a lot more analysts and economists coming up with newer, more radical and different economic structures and policies. The government of the USA stepped in, and many people see it as an intrusion into the capitalist economy, but I see it as a much needed reminder of what money really means. The cash flow around wall street, easy lending and dirtier, murkier practices are washing away as everyone would expect, but now is the time when adopting radical changes will be easy for organizations.

The markets are changing, and the entire selling process is redefining itself. People want to save, want to learn how to save. They want to get out and learn more about jobs and companies, twitter about their smaller businesses, consultancies as well as network more with their peers. The slump that came in due to the onset of facebook and other internet based communication portals is seeing a slight relief. People are going to mixers, talking more to their managers and participating actively in Performance Management reports and trying to learn more about their future careers.

The middle class has been affected adversely, but the best part about our new global economy and the brilliance of social networking and media is that there are now more avenues open for better channels of creativity, self employment, improvement in services, costs and savings and a MUCH NEEDED wake up call for the youth. Where's the money you earned over the summer going? Do you need a new dress every 2 weeks? Can you discipline yourself, train yourself for this eventuality? Are you supporting your parents who've spent quite a while supporting you?


There's a murky overcast over many things that hasn't budged much, but being young and foolish I'm starting to see the rainbow already.

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