I've seen so many salary cuts and layoffs around me lately that I lost count. This only reminds me that self-employment and having your own business is the way to go.
How is this recession affecting you?
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This recession has (thankfully) been a non-event for my wife and I.
Of course, we both work in healthcare and people probably take more meds during economic downturns
Then again, patients generally don't "pay" for their medication. A large majority of medication is paid for by our taxes in the form of ODB (Ontario Drug Benefit).
Of course, we both work in healthcare and people probably take more meds during economic downturns
Then again, patients generally don't "pay" for their medication. A large majority of medication is paid for by our taxes in the form of ODB (Ontario Drug Benefit).
I got my first job just before the recession started, so personally I'm in much better financial shape than I have ever been (Roughly doubling my net worth within a year.)
However, signs of recessions are still there. Like everywhere else, we are on a hiring freeze, and the management has asked us to take some pay cuts (which we refused - They have no authority to do this, btw.) Nobody has been laid off, and even contract workers had their contracts renewed. The sentiment among my colleagues is that our financial trouble is rather trivial (and the numbers we looked at seem to confirm this), and the management is trying to take advantage of the recession to blow it out of proportion. My job is very secure
However, signs of recessions are still there. Like everywhere else, we are on a hiring freeze, and the management has asked us to take some pay cuts (which we refused - They have no authority to do this, btw.) Nobody has been laid off, and even contract workers had their contracts renewed. The sentiment among my colleagues is that our financial trouble is rather trivial (and the numbers we looked at seem to confirm this), and the management is trying to take advantage of the recession to blow it out of proportion. My job is very secure
I hear this all the time, and I think it is in reference to the economy with healthcare being in stable demand in good and bad economic times. However, governments tend to cycle through different healthcare policies decade to decade, and sometimes there are severe healthcare cuts and wage cuts. That is the nature of being at the mercy of the government. Therefore, I wouldn't classify healthcare as "secure". The only thing secure is money in the bank (and even then, with the recent bank failures, one could make an argument about thatBullseye said:
).See this article foreshadowing things to come in Alberta for example:
http://www.calgaryherald.com/Health/Nurses+hard+cuts+health/1668601/story.html
An old family friend who is a retired RN told me of very difficult times in the early 80's, and again in the 90's when RN's (and other healthcare workers) were being fired, and wages were being cut. In general everyone is useful, but no one is indispensable.
No sure thing, of course, but nursing is about as secure as you can get these days. There is a global shortage of highly skilled nurses, a large percentage of older nurses nearing retirement, and an ageing population, this should provide job security for at least as long as it takes for young people to choose to enter the profession, train for it, and get skilled enough to replace the current experienced nurses.I hear this all the time, and I think it is in reference to the economy with healthcare being in stable demand in good and bad economic times. However, governments tend to cycle through different healthcare policies decade to decade, and sometimes there are severe healthcare cuts and wage cuts. That is the nature of being at the mercy of the government. Therefore, I wouldn't classify healthcare as "secure". The only thing secure is money in the bank (and even then, with the recent bank failures, one could make an argument about that
See this article foreshadowing things to come in Alberta for example:
http://www.calgaryherald.com/Health/Nurses+hard+cuts+health/1668601/story.html
An old family friend who is a retired RN told me of very difficult times in the early 80's, and again in the 90's when RN's (and other healthcare workers) were being fired, and wages were being cut. In general everyone is useful, but no one is indispensable.
That is still many years off, in my opinion. By then, we won't need to work anyways.
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