Wednesday, January 11, 2012

Two Recessions...

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I like Seth Godin's blog because his posts are small (most of them), to the point and the best posts distill complex ideas into simple words. This makes it easier for us to understand and relate it to our professional and personal lives.The message in Seth Godin's blog post on 29 September 2011 was so refreshing that i  took a print out and read it a number of times. I think it is important as it presents an entirely different perspective to the troubles the world is going through and suggests how we can equip ourselves to face it.  
Sharing below a few snippets from the post titled  'The forever recession'.

There are actually two recessions:
The first is the cyclical one, the one that inevitably comes and then inevitably goes.
The other recession, though, the one with the loss of "good factory jobs" and systemic unemployment -- i fear that this recession is here forever.
The industrial age, the one that started with the industrial revolution, is fading away. It is no longer the growth engine of the economy and it seems absurd to imagine that great pay for replaceable work is on the horizon.
This represents a significant discontinuity, a life-changing disappointment for hard-working people who are hoping for stability but are unlikely to get it. It's a recession, the recession of a hundred years of the growth of the industrial complex.
When everyone has a laptop and connection to the world, then everyone owns a factory. Instead of coming together physically, we have the ability to come together virtually, to earn attention, to connect labor and resources, to deliver value.
Stressful? Of course it is. No one is trained in how to do this, in how to initiate, to visualize, to solve interesting problems and then deliver. Some see the new work as a hodgepodge of little projects, a pale imitation of a 'real' job. Others realize that this is a platform for a kind of art, a far more level playing field in which owning a factory isn't a birthright for a tiny minority but something that hundreds of millions of people have the chance to do.
This means we may need to change our expectations, change our training and change how we engage with the future. Still, it's better than fighting for a status quo that is no longer. The good news is clear: every forever recession is followed by a lifetime of growth from the next thing...

Welcome to the 'New Normal' for years to come and the complete post may be read here

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