Random Acts of IT Project Management

Project Management for Information Technology

Posts Tagged ‘recession’

Entrepreneurship and Ruling the World

Posted by iammarchhare on 4 September 2009

I came across Kate Phillips article on “Why Entrepreneurs Rule the World”, and I wanted to share it with you in parting.  It’s a little long (but not any longer than some of mine 🙂 ), but well worth a read.  An excerpt:

Once upon a time… the world was full of small business people and independent entrepreneurs. Every town had a butcher, a baker, and a candlestick maker.  A blacksmith, a barber, and a farmer (or two).  A shepherd, a weaver, and a preacher.  There were no factories, no corporations, and… no employees.

One thing is clear to me: no matter what rung of the ladder you are on, jobs are going out of style.  Fast.

For years now, the trend has been away from hiring employees and towards hiring independent contractors.  Why?  Huge savings in benefits, also huge savings in waste.  Rather than paying for people’s time, contracts allow employers to pay for the *result* they want.  Deliver this, we’ll pay you “X.”

We’ve put our faith and trust in the wrong places, counting on an employer or a company to sustain us, when we should have been developing our own value in the market place.  We can no longer count on jobs to sustain us, rescue us, or bail us out.  Employers are doing their best to keep their own head above water, do not count on them to rescue you.

In case you didn’t get the memo: Jobs are Dead.

…Two years ago I attended an orientation at my daughter’s high school.  One teacher spoke about “how we’re going to help your children prepare for the job market.”  They would learn to write resumes and cover letters, fill out applications and interview for jobs.

I inquired afterwards what was being done to prepare kids for a world in which jobs are going away.  What do the kids learn about businesses?  About self-employment options?  Is there a class teaching entrepreneurial skills?  Could I volunteer in such a class?

You could well imagine the response from the teachers.  Of course, no one has trained them to think this way either.  We’ve all been brainwashed into believing that there is a job “out there”.  There are opportunities “out there”.  However, it is up to each of us to take ahold of our destinies and our lives and move on in a new economy.

It is not an economy of our own making.  However, opportunities rarely are of one’s own making.  Rather, opportunities present themselves and we either jump on them or let them pass on by.

Me?  I’m moving!

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Posted in Consulting, Economy, Employment | Tagged: , , , , , , , , | 2 Comments »

The 5 Economic Storms

Posted by iammarchhare on 5 June 2009

It seems like the recent economic news is a continual rollercoaster ride!  Rosy predictions bring up hopes, which are dashed by some report or other.  What is the truth?

Well, if you believe as I do that a lot of the media grabs on to small things and hypes it, you will be on the lookout for someone who seems to have a clearer picture of what is really going on.  Maybe you will agree with them or not, but at least it is something more concrete than looking at a percentage of a percentage point difference and saying the recession is over.

Enter Martin D. Weiss, PhD, who wrote an article posted 11 May 2009 on the Money and Markets web site.  He lists “Five Economic Storms Raging NOW!”.  You know most of them, such as the one about big banks’ risk of failure, but do you know how bad it really is?  Let’s take the #1 and my favorite: Plunging Jobs:

Storm #1.
Plunging Jobs

On Friday, the Bureau of Labor Statistics announced that job losses were running at a slightly slower pace than in the first quarter. So Wall Street cheered.

But it’s a joke, and the 539,000 additional Americans out of work aren’t laughing.

Nor are the 23 million people — 15.8 percent of the work force — who are officially unemployed … are struggling with lower paying part-time jobs … or have given up looking for work entirely.

Look. In December 2007, there were 138.1 million jobs in America. Now, there are only 132.4 million.

So even if you accept the government’s tally of the narrowest unemployment measure, 5.7 million jobs have been lost.

Plot those figures on a chart and the picture is absolutely unambiguous: Jobs in America are collapsing. Right here and now!

Where’s that “slightly slower pace of collapse” they’re raving about? You’d need a microscope to see it.

Check out the other 4 economic storms at the Money and Market site.

Frankly, the US is spending a lot of money for very little result.  Worse, we are leaving a debt to our grandchildren’s children.

Contrast this with what the Bible says a “good man” or righteous person does, which is leave an inheritance that will last to his children’s children (Pr 13:22)!

Posted in Economy, Employment | Tagged: , , , , , | Comments Off on The 5 Economic Storms