We've nosedived right into Idiocracy. Bad news is good news. Slowcessions. Soft landings. The labor market will stay red hot and you can job hop for more money forever . . . 😵💫
The flow chart looks something like this:
Deny there are problems and tell people that layoffs are not coming. ➡️ Even as layoffs start, turn a blind eye. Have "economists" tell the public that mass layoffs are not coming in Q4 of 2022. ➡️ While layoff announcements litter the news, keep squawking about The Great Resignation and tell people it is STILL a workers' market! ➡️ Tell people that even if it takes a few months to find employment again, it's OK. That's still really good. 🤦🏻♀️
IMO, it is so very important to rough out a job loss survival plan. I hope you never need it, but I think it's better to be prepared than scared. If you freelance or operate a business, have you created a Plan B on how to generate revenue in a serious downturn?
Links I mention:
https://causeyconsultingllc.com/2023/01/18/a-workers-market-really/
https://finance.yahoo.com/news/dont-settle-workers-market-newest-110000824.html
https://www.inc.com/jessica-stillman/dont-feel-too-bad-for-laid-off-tech-workers-more-than-half-end-up-earning-more-in-their-next-job.html
https://www.cnbc.com/2023/01/20/despite-google-amazon-microsoft-layoffs-its-a-good-time-to-get-a-job.html
https://www.cbsnews.com/news/fed-interest-rate-hikes-unemployment-increase-layoffs-inflation/
https://theintercept.com/2022/07/29/bank-of-america-worker-conditions-worse/
Need more? Email me: https://causeyconsultingllc.com/contact-causey/