Great Recession Transforms The Workplace["We're In A Very Deep Jobs Crisis..."]

AP Report ^ | September 27, 2009

[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.

[eyedigress]

The talent to succeed by whom? Today’s libtards have no clue they are dumber than a box of rocks. Mmmm, Mmmm, Mmmm!
Barack Hussein Obama!

[billmor]

Thank you JLS and that is exactly why the Russian socialist system collapsed: it diverted money and labor into heavy industry amd the military instead of farming, consumer goods and home building...Their thinking that Big Government knows best was dead wrong...It has to be a partnership between citizens/consumers and the government in order to have an economy that works..We don’t have that today..Oblamo CHANGED that along with huge and rapid changes in the economy...

Some of the Keynesian ideas work- such as pour money into the economy to stimulate it, and Oblamo has had the money approved but it has not been fully appropriated for some reason—undoubtedly political..His mis-steps are only making things much worse...

[JLS]

Yep the USSR diverted more and more resource into the inefficient public sector. Farming in fact was made public and inefficient. That is how you can get starvation in a breadbasket like Ukrane.

[StolarStorm]

Cool! Then we don't need it. Let's get rid of it.

....but they do pump out kids for welfare and SS checks.

[IDontLikeToPayTaxes]

The productive delay retirement because college graduates and young workers are idiots and unemployable.

I couldn't agree more. The days of 22yr old kids graduating college and instantly landing a $70K/yr job are over.

I think the U.S. economy for the past 20 years has been a complete illusion.