The Secret Formula To Never Being Unemployed
nickoneill.com
nickoneill.com
(Then again, maybe people hiring welders these days do care about blogs. But I'm not sure you can extrapolate from a Basecamp blog helping you to get a webdev job, to all sectors of the economy.)
When you combine that fact with the large number of unemployed individuals in traditional industries who would love to get face time with an important person in their industry, it's just not a good idea for a manager, HR guy, or other decision-making individual at a company to agree to meet with each individual who requests a meeting.
The basic problem in some older industries is essentially that a person can only demonstrate their skills within the context of a (sometimes large) company. A web developer or a designer can create a website or a blog and show the world how good they are, but a welder or a wind tunnel technician doesn't have the same opportunity. And hiring someone (especially at a large company) can be very expensive with all the benefits, training, and time spent acclimating the new hire to the company and its culture. Most companies simply prefer to go with the less risky option and screen employees who have been out of work for a while, which is very unfortunate.
Uh really? This absurd absolute kind of lost me.
My guess is that given the recession, some portion of the employed want to create a psychologically appealing barrier between themselves and the unemployed. Making a claim that there's some certain path that will guarantee employment would seem to a fine way to do this, however crudely broad-brush the argument turns out to be.
While Silicon Valley in particular is vastly more meritocratic than many cases, and you'll find a broad diversity especially among East Asian, Indian, Israeli, and eastern European backgrounds, there's still a marked under-representation of blacks and hispanic/latinos (the latter particularly notable given the huge hispanic population in the Bay Area). There is also a fair amount of grumbling about age-related biases, something to keep in mind as you progress through your tech career.
And regarding skills in an absolute sense: another point to keep in mind about tech is that skills can age very, very rapidly. Today's hot technology is tomorrow's old hat, legacy, or unneeded skill. Particularly in start-ups, the focus is on what's needed right now.
These one-liners aren't as useful as you probably think they sound.
Similarly, there is a possibility she put all her money into GM stock. Should she refuse to sell it to avoid taking a big loss?
I made such a move at 38. Wasn't easy. Sure I wasn't 52, but it still hurt and had its own issues. It's your choice whether to let a bad situation grind you into nothing, or to suck it up and do something - anything - legal & moral to get thru/over/past it. Leaving the family home, friends, legacy, etc. hurts but starvation and bankruptcy hurt much more. No it's not easy - DO IT.
Those one-liners are more accurate than you probably want them to be.
Lowering relocation costs (financial and other) and increasing labor mobility (geographic and across industries) definitely helps the economy.
The military is one of the better organizations for this, since they have operational needs to relocate people on fairly low notice and without much flexibility. The relocation process is fairly well structured and some resources are the same everywhere, while other things are customized to the location.
Big companies are pretty good about this for their top execs, but maybe there would be value in startups making relocation easier for new hires, especially older ones who might have families or other obligations.
Of course, telecommuting and satellite offices solves a lot of this, too (especially if you have a job with 50% travel, it isn't that much worse to have 50% travel + 10% travel to main hq in order to remain somewhere else).
Given that the relationship between housing liquidity and the labor market has been well established by economists, I wonder if there's a market for housing exchanges. The exchange would allow buyers to finance a home like a traditional mortgage, but when they wanted to move they could place their equity in the home on the exchange and trade it for the equity on another home, with the exchange facilitating the transfer of mortgage obligations.
My parents did it, but then again they where only 43...
Seriously, who said it was easy?
This is wrong for so many reasons...
Of course, that means keeping up with changes in your industry, but you should be doing that anyhow.
These one-liners aren't as useful as you probably think they sound.
My grandfather came over to America, worked in a box factory. At nights he took courses in accounting. When his kids were old enough he had them working part time jobs and they all pooled their money together. Eventually, they started investing in businesses where they could earn alternative forms of cash flow.
First it was bars/mechanic shops/restaurants, then it went into rental properties whenever real estate markets got very cheap (e.g.: he bought 10+ houses in Texas post-S&L crisis). This worked out pretty well.
Most of the successful immigrants I know did this. They came over, most were poor. They would sleep 4 to a 1 bedroom apartment. But eventually they found steady jobs, lived cheaply, and then invested the savings into a bunch of different things whenever the right opportunities came up. (The Patels in the motel biz are a good example of this).
The idea that your job/your one career should provide enough for you the rest of your life is just foolishly optimistic. You have to diversify to build in a margin of safety for when life throws a curve ball your way.
1) Education is a life-long process, not a 4-year-sprint. Agree that some skills (or degrees) are not as easy to pick up in spare time as others, but continuous development programs / community college evening classes / books from library do exist.
2) Savings rate of 0% is probably more integral to the reason one "can't afford a one bedroom apartment", than a low wage. Someone at 53 must have worked for over 30 years, saving even $100 a month would've yielded a financial cushion for situations like that.
Jeff Schmidt's _Disciplined Minds_ is a very good explanation of ideologies among professionals. (http://disciplined-minds.com)
(Obviously, "unemployment" is a systematic problem of a peculiar economic system.)
Easy? No. But whining about how it's hard and how bad it is ain't gonna get you a job either.
edit:
I've seen a pattern: people who move and keep learning keep winding up employed. People who don't move and stop learning wind up unemployed, and stay that way.
People need to be ready to start looking for work at all points in time, because at any given tomorrow, they may not have a job.