|
Does it affect me personally? YES. As of last week I've been out of a job for a year. My entire career has been selling/providing technology to financial institutions. Banks are in deep shit and its affecting their buying decisions. And that is affecting the hiring decisions of their vendors. I've had four job opportunities that I was in the interview/hiring process that were eventually shelved and not filled. No faith in the recovery. I have a good friend in Orlando who is 62 and he lost his job (same industry) last week. At least he can take early retirement if he chooses. I'm 57 and a long way from that consideration. I've got one year left of cushion on a very reduced budget and then I'm in trouble, really in trouble. Part time employment isn't an answer at this point. It may become an option but that will only slow the rate at which I'm sinking. I'll still sink, just not as quickly.
I don't see the market changing soon. The stock market has rebounded, primarily because companies have downsized to match the realities but the job market is still in sad shape. I know a handful of others that have been out of a job for well over a year. All in their 50s. This is changing our lives drastically.
|