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On the bright side, if there is a recession, it likely won't be as severe as the last one. Back then there was a confluence of factors, including the dot-com bust and Sept. 11, 2001, that took a severe toll. Also, the demographics of the workforce are evolving. Large numbers of baby boomers are about to reach retirement age, and while they won't necessarily leave the workforce entirely, they will look to slow down or switch careers. That means there is opportunity for younger employees to fill those gaps.

In the immediate future, if there are widespread layoffs, younger generations will likely handle it differently than their older peers, says Mary Crane, a career consultant who specializes in bridging the generation gap. "They've come into the workplace never suspecting they'll take one job and have it for life," says Crane.

"Lots of them will look at it as an opportunity to explore career opportunities. They might take six months off—that's how long recessions last—and work on a political campaign because they can build their resume and make great contacts. Or they'll teach. They look at this as opportunity."

We can all learn a lesson from that attitude.

© 2008

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Member Comments

  • Posted By: MatchesMalone @ 04/25/2008 3:24:48 PM

    GustoMaybe needs to get his lazy a$$ back to work before he gets laid off.

    GOOD employees keep their jobs, a$$hole.

    pleasematchesdonthurtem.blogspot.com/

  • Posted By: GustoMaybe @ 04/23/2008 11:12:44 AM

    These days, in Corporate America, it doesn't matter how hard you work. The lawyers have figured out how to lay off folks based on anything *but* perf reviews. Fewer lawsuits that way. So work as hard as you can, and if you're in the wrong place when Wall St. results cause the dimwit MBA-types to play Wack-A-Mole and you're gone anyway. The only way out is Professional Unions - Corporate Europe isn't racing to the bottom.



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