It's Going To Be Much Worse

I saw these on CNN.com and I was wondering why I hadn't heard much from employers and recruiters. At first I thought it was me but I still wondered what was going on (gut feeling). Also considering that I may not have ALL the skills required I can learn. Apparently having MOST skills is no longer enough - employers want it ALL!

In the mean time our current employers are getting away with everything next to murder knowing that you can't just up an quit! Our government is saying the recession has just started ... BS! I had started looking over a year ago and knew something was going on! When calls became less and less I knew we were in for it!

Sorry for being such a downer today. - CK

"Conceivably we could have just had recession, hard times, sliding dollar, inflation, etc., but I'm afraid it's going to be much worse," Jim Rogers says. "Bernanke is printing huge amounts of money. He's out of control and the Fed is out of control. We are probably going to have one of the worst recessions we've had since the Second World War. It's not a good scene."
http://money.cnn.com/2008/01/30/news/international...

POST A COMMENTCK(02/03/2008)
Also ...

Why job market is even worse than you think
http://money.cnn.com/2008/02/01/news/economy/longterm_unemployment/index.htm?postversion=2008020209

Nation's first job loss tells only part of the story of the weak labor market. The ranks of the long-term unemployed are growing.

Cory Holbrough, senior vice president of Lee Hecht Harrison, said that employers for skilled positions are becoming more selective about new hires than they used to be. "In the past they might have hired the best person who had eight or nine of the ten skill sets they were looking for," he said. "Now they are saying, 'We want all ten skill sets.'"


Nutritionist(02/04/2008)
Dooms day! People spend too much money, no one saves money. It is going to topple amongst those who did not listen to their parents or peers to save money! Why should we bail people out of homes and credit card debt? If I do not have the cash then I do not buy it! Simple mathematics. You should not spend more than you make! Things like cable one hundred dollar sneakers, new cars, jewelery, video games, flat screen plasma TV's, Dorritos and all the snack food you could possibly buy,and all the other junk stupid consumers buy are nice but not a need! Food, heat, fuel, medical care, are needs! It is funny they also reported that video game sales have not declined! Go to the library and read a book!! Americans expect the Gov. to bail them out! Lazy. It is true, the best generation is dying, the baby boomers are all whiny crabby babies who were spoiled! Every generation since then has been in a steady state of decline! Indeed dooms day for America has begun. The fat, stupid and the lazy have won.

CK(02/04/2008)
There are many issues besides just saving. Saving is great but sometimes one must spend in order to get ahead. An example is education. Sometimes you have to spend (aka student loans) to get an education to hopefully advance.

That is also one reason that when the economy slows that schools full up! People are trying to hedge their bet that when the economy perks back up that their new education would help boost their pay.

Also everyone is wanting a 'piece of the pie' by owning a home - can't blame them! I agree that the loan companies were pulling some shady dealings.

SouthernProgrammer(02/04/2008)
Nutrionist - You have hit the nail right on the head! In (most of) our parents day, people were willing to save and hold off on a purchase until they could afford it. These days, people want all the goodies...NOW and feel that they are ENTITLED to have everything NOW. I have a good friend who dipped into his 401K to buy a new SUV, Boat, and make house additions. He naturally has to pay back the 401K so it is deducted from his paycheck, unfortunately he was injured and is now at home on disability. After the $ to repay his 401K has been removed he is now earning...$100 per week.

I can't feel sorry for him...

Nutritionist(02/05/2008)
CK, I think your vocabulary is mixed up. An education is an investment. Investments are different from savings. Savings indicates that the money is safely tucked away with minimal interest. It is money that is at your fingertips if an emergency should arise. I make decent money but I can not afford to buy a home even I qualified for a 1/2 million dollar mortgage. I, using, my God given logic know that I could not carry that kind of debt. People want to live outside of their means. I am not rich and I never will be!!!!! I can not live like my neighbors who make more money than me. I may be envious but I am still happy with my life choices. It is the 'give me I am entitled' attitude that has destroyed the US economy.

SouthernProgrammer(02/05/2008)
Nutrionist - Again, well said. I personally would LOVE to live by the beach and drive a new BMW hardtop convertible. However, I choose to live in a house that is 40 years old, a nice house, a clean house, but 40 years old. I also choose to drive used cars, my daily driver is 12 years old. However, due to these choices I live a fairly stress free life versus some of my co-workers who choose to live in the 'top' neighborhoods and drive the newest cars. I'd rather sock my money away into a 401K and let it work for me instead of getting into debt and working for some 'thing'...

CK(02/05/2008)
Nutritionist - You're right about that and even though I agree it is still costly. Regardless, it is hoped that this investment would have a return in your efforts. That is where I am at ... hoping that I will have a return on my investment.

POST A COMMENT»

JobSchmobber Community Comments