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by JohnN
6479 days ago
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Agreed. I don't think any of my friends considered their jobs "predictable and secure" when they started. And in many cases the huge bonuses they received last year wil cushion the fall. Let's just hope they haven't become to accustomed to a certain lifestyle. |
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We're all accustomed to a certain lifestyle, and most folks fall on tougher times at least once or twice in life, and have to downgrade their spending. I'm not suggesting folks here are a couple of paychecks away from being homeless, as I assume we're all of at least average intelligence and have some savings, good health insurance, and don't consider debt a fun hobby...just that we're all pretty spoiled, and we all probably have some expenses we wouldn't hang on to if our own personal revenue took a dramatic turn south.
But, I agree. I hope that folks who work in volatile industries (like finance, or our very own home turf, technology, to give another example) are thinking ahead when times are good, and have an understanding that times will not always be good. (You guys who missed the first bubble know that, right? We will see another crash in tech. Don't imagine human nature is so dramatically different this time around, or that enough of the folks who experienced the first one are still around and taking part to impart wisdom to prevent it from happening again. It'll look different, because it won't be played out in the public markets, and the names will mostly be different...but it'll come, and not every high flying Web 2.0 company will survive it.)