current economic crisis america

current economic crisis america

Better Career Strategies: How Blacks Can Overachieve During The 2010 Economic Crisis

Are you fed up with your current job? The rapid pace of globalization makes it difficult for anyone to be secure. Given this reality, can you afford to be content with someone else entrusted with my future career options? As I conducted research for Breaking Organizational Ties: How to Have a More Fulfilled Life in Your Current Job, I heard numerous complaints about bad bosses and uncaring organizations.

Although today’s job represents an uninspiring journey at work, rarely is a person willing to do something different. Many people become unhappy in their lives because they work in awful conditions. However, you can find a way to be compensated for your talents even if that means changing your environment or leaving it. This article examines how an individual can gain greater confidence in his or her ability to grow by exploring alternative strategies, even in the midst of downsizing and layoffs.

Economic Crisis
Economic troubles continue to presence a challenge to our economic future. America has lost 7.2 million jobs with the unemployment rate topping 10% since November 2009. This situation has been very problematic for black community. The unemployment rate for blacks is over 15%, with more than one in four being out of work. Companies have shed 11,000 workers from their payroll. State agencies have had to layoff or furlough workers. Millions of Americans are now waiting longer for food stamps, unemployment checks, and disability payments. Margaret Simms of the Urban Institute notes, “The length of the recession clearly has put a strain on the resources that states bring to bear.” Therefore, our lives continue to unravel as things we depend on disintegrate before our eyes.

Career Strategy
An economic crisis and an uncertain future require individuals to explore new personal strategies. For many people, happiness means more than having a job. According to a Yankelovich Monitor’s study in 1997, only 25% of adults said “a lot of money” signified success and accomplishment. Unfortunately, many individuals work in organizations that don’t stimulate their professional growth.

In my own situation, I’ve kept my primary job but created my own business venture. This decision started my professional development and gave me a competitive edge in the market.
It doesn’t necessarily mean giving up your current job. However, it does involve a different mental journey. Marsha Sinetar, author of Do What You Love, The Money Will Follow, argues that individuals rarely take the time for introspection: “Most of us think about our jobs or our careers as a means to fulfill responsibilities to families and creditors, to gain more material comforts, and to achieve status and recognition. But we pay a high price for this kind of thinking.”

Therefore, you may need to change directions. These steps include the following: (a) take a personal assessment of your current work situation; (b) determine your primary focus; (c) prepare a plan for professional development at your job; (d) decide what you need to do in order to obtain your dream job; (e) weigh the consequences of changing directions; and (f) surround yourself with a positive support system.

Conclusion

Many individuals are rethinking their career situations during this economic crisis. Blacks are not the exception. I see a sense of despair encompassing them. Yet, most people don’t know how to get out of this vicious cycle of hopelessness. Individuals should continue to sharpen their skills and never let anyone else decide their future. It appears that few managers are concerned about employee career development.

Therefore, I caution you not to get too comfortable in your jobs while the rest of the nation is going through unprecedented change. This article demonstrated that you can mobilize yourself and take control of your own situation. In fact, it’s a critical step in achieving personal fulfillment and acquiring future wealth. Through this process, you will gain the insight to develop and enhance your skills while pursuing your personal goals and dreams.

Sources:
“Jobs are on the way” by Daniel Gross, 12/21/09, Newsweek

“Benefit backlog stall millions in need” by Marisol Bello, 2009, USA Today
http://en.wikiquote.org/wiki/Hannibal_Barca

About the Author

Dr. Daryl Green provides motivation, guidance, and training for leaders at critical ages and stages of their development. He has over 20 years of management experience and has been noted and quoted by USA Today, Ebony Magazine, and Associated Press. For more information about Blacks, you can go to http://stores.lulu.com/darygre or www.darylgreen.org

What is the the current economic crisis in America and how it has affected the share market in Australia?

What is the current economic crisis in America and how it has affected the share market in Australia? please help

i dunno i wnna no 2 but i read something about it going up 4 points???

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