Posted on 09/27/2009 10:39:33 AM PDT by Steelfish
Great Recession Transforms The Workplace
Most enduring change may be the permanent loss of millions of jobs
Rusty Meador, Development Manager for Plantation Building Corp., arrives on a job site and begins making calls to check on the status of several tasks Thursday in Wilmington, N.C.
Going to work may never be the same again.
The Great Recession has reshaped the American workplace and work force in ways that will last years, if not longer.
The work force is graying as college graduates can't find jobs, young workers get laid off and older workers delay retirement. People in white-collar jobs are feeling increasingly vulnerable to economic downturns, an insecurity that blue-collar workers have known for years.
Perhaps the most enduring change is the permanent loss of millions of jobs across the manufacturing, services and retail sectors.
For textile factories and service sector employers like customer service call centers, the next wave of significant job creation will occur abroad, where labor is cheaper. That trend was under way before the recession and will accelerate, according to labor economists. Americans who would have held these jobs will have to retrain themselves for other jobs, such as assembling microchips and medical devices.
For retailers, growth will be limited by more cautious consumer spending, in part because the days of easy credit are over. That means fewer retail clerks milling about stores around the holidays, and fewer merchandise buyers and other staff jobs at headquarters.
"We're in a very deep jobs crisis, and we're not coming out of it," says William George, professor of management at Harvard Business School. "It's too glib to say that jobs are a lagging indicator" and that hiring will return to normal once the economy does, he says.
(Excerpt) Read more at msnbc.msn.com ...
I’d just move the company to another country.
Business has only one function, make a profit!
Exactly! Thats why we as Americans who are interested in a strong America have to get laws passed that make it profitable for companies to stay here and keep jobs here.
Even wise senior management can fudge up with their "proteges." David Komansky was a fine CEO, while his hand-picked protege ran my former place of employment into the ground (ie a subsidiary of a certain a-s clown bank in Charlotte). What kind of fool buys a subprime lender just as the bubble popped? Stan O'Neal, THAT'S who!
My next gig will be as an independent, or working for a small company btw. I’ve had it with large corporations. Many of them are run worse than the government and are about as corrupt.
Interesting point. Caste and tribal loyalty.
Plus again their ‘ethics’ are not ours (judeo-christian).
There needs to be mandatory business and cultural ethics class taken by all immigrants and visa holders. Many seem oblivious that they are doing anything wrong when confronted about such things.
Agreed as to all of your points except the mark to market rule. Creates too much volatility.
As tomeans testing, oh boy. Do we have the stuff to do what that will take? Tough medecine
Uh Oh, the PC police are going to get you.
Why institute a new one? Why not let the 50 states go their own ways? They're strong enough to stand on their own now. Some would probably choose to band together in new unions, but some might stay independent.
50 states, actually competing instead of collaborating. Not an EU, or even a NATO, but 50 individual states, with any contracts, alliances, etc, done between individual states.
If the state of New York should choose to do so, boot out the UN and use it as a place for the states to meet and talk about things, but give the thing absolutely NO power (notice I didn't give it a name, or even refer to it as anything but a thing, as I can think of no term that doesn't imply some power to take action).
A guy can dream. Here in the real world, I'd happily settle for just having a country run by the rules.
“Kids today better go after engineering skills. The day of the libtard art major is over.”
Does your magic wand come with that recommendation?
Perhaps you have overlooked something. Acquiring an engineering degree (or skills even) requires a genuine talent for mathematics and not everyone—indeed, damn few—have that.
So, perhaps you might want to qualify that recommendation.
OK! Anybody wanting to get ahead better work their ass off. Otherwise you fail.
That’s fine. I have no argument with that. I do hold, however, that one should gravitate to professions for which they have the talent to succeed.
People don’t pump out kids just so they have a deduction. Good grief!
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