It’s bleak out there and the news on the job scenario going more dismal before going up takes one further on the depression trail.
According to a recent report, the path to an economic comeback may be a long way from now:
In a speech at Morehouse College in Atlanta, Bernanke talked of flickering signs of improvement, citing recent data on home and auto sales, home building and consumer spending.
But the government’s broader message — that a full turnaround might be a long time coming — may not be welcome news for a weary U.S. public.
Obama, in fact, said in his speech that a complete recovery depends on building a new foundation for the U.S. economy and making changes in the political landscape. And he said anew that rules governing the financial system must be made compatible with Digital Age technology and innovation, telling Congress that “I expect a bill to arrive on my desk for signature before the year is out.”
He also said the economy must be transformed from one less dependent on a risk-obsessed financial sector and more on clean energy, good education and health care costs brought under control.
“We cannot rebuild this economy on the same pile of sand,” he said, invoking a Biblical reference to Jesus’ Sermon on the Mount. “We must build our house upon a rock. We must lay a new foundation for growth and prosperity a foundation that will move us from an era of borrow and spend to one where we save and invest, where we consume less at home and send more exports abroad.“
See and try to decipher a message that is related to the new job scenario; could this be a possible indication that the present lost jobs (many; of course not all) may be gone forever? Is it the time to reinvent our careers to suit to the new demands of the future? If we are rebuilding on new grounds then our skills might need to be revamped too. Doing what we have done so far and the education we have might not be enough to rejoin a new workplace with different requirements; if that is so, is this the time to change tracks?
What do you say?