Do you think your job will make it through the upcoming recession? (debt, profit)
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Any reasonable person knows that we're due for an economic recession at least as bad as 2008's. Have you thought about whether you're likely to still have your job when the recession hits? Some jobs are virtually recession-proof and others are recession-sensitive.
For instance, if you're a grocery store manager, your job is safe because everyone will still need groceries. Same if you're a car repairman (You might even get an increase in business because, in the interest of saving money, more people will opt to fix their car rather than lease a new one).
If you're some completely non-essential industry, like being a Social Media App Developer or some other buzzword title, you're probably screwed because your business is tied to ad revenue and ad revenue will be non-existent when consumers are broke.
I think there is a recession coming, just if you look at the historical ebbs and flows of the business cycle - we're due for one.
My job is tied to the financial services industry, but our company has been rapidly expanding. If a bunch of our clients fold in a financial crisis, we'd be in some trouble.
Most likely fine, healthcare does okay, and govt job isn't aiming to turn a profit... but govt aside, I did well enough in private sector too, but it as at another tax funded hospital so... my viewed are to be tax funded?
Any reasonable person knows that we're due for an economic recession at least as bad as 2008's.
Do you mean that one is imminent or do you mean at any point in the future? If you mean that one is imminent (like in a month or two), then I did not know that and I consider myself to be a reasonable person.
My position is recession proof.
I don't think we're in for a recession for a while. And if a Republican president is elected, that'll push out any potential recession further out. But then when it hits, it'll be a doozy. If Democrat, it'll come sooner but gentler. That said, there is no reason to be running and hiding under rocks just yet.
Hopefully another recession isn't imminent in the next year or two, as I feel like we've only just recovered within the last 2 years from our previous recession.
I work in the food industry. People always need to eat. During the start of the recession in 08 sales were booming. People were cooking more at home than going out to restaurants.
There are too much cash out there for this to happen, the problem is the 2% has most of the cash and they're not sharing.
Which is why the Feds are trying to penalized the rich for not using their cash hoard. We'll see what happens, if a recession happens it will be the rich over leveraged again. It won't be the middle class because the government has destroyed the middle class so much that they are at the tipping point.
You can't force anyone to spend more money, rich or not.... govt can tax it but not take it... tax too much, they will just shutdown company office and reopen elsewhere
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Not that I buy the upcoming recession talk, but I consider my position safe. In fact, I was hired in early 2009 while the company was laying off about 35 people in positions that were considered non-essential.
There are too much cash out there for this to happen, the problem is the 2% has most of the cash and they're not sharing.
Which is why the Feds are trying to penalized the rich for not using their cash hoard. We'll see what happens, if a recession happens it will be the rich over leveraged again. It won't be the middle class because the government has destroyed the middle class so much that they are at the tipping point.
Point of order - it was big business who destroyed the middle class. Any government involvement was caused by bought-up politicians doing their master's bidding. It was business who blew the Housing Bubble, business who crashed it, and business who was Bailed Out at our expense. Business who outsourced our jobs, and business who bought up our leaders to ensure all of this would happen then and will happen again.
As for the OP's post, we hardly left the most recent recession, and I believe history will show this period as just an uptick in the Great Recession. Nothing has fundamentally improved. Jobs are still hard to find - except now we have more part-time, poverty wage crap that people can't life on... yeah - people are still in debt, and most of the wealth continues to flow up into the hands of sociopaths who'd gladly see the world burn if it meant a few more dollars in their pockets. Heck, we've even got people trumpeting how "good" it is that housing is becoming less and less affordable, and flipper shows are back on TV! Nothing is learned from the past, sadly.
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