Comments on: Open Thread: Are you Planning for a Recession? http://webworkerdaily.com/2008/05/15/open-thread-planning-recession/ Rebooting the workforce Thu, 26 Nov 2009 05:20:49 +0000 http://wordpress.com/ hourly 1 By: Jim Wolff http://webworkerdaily.com/2008/05/15/open-thread-planning-recession/#comment-295040 Jim Wolff Fri, 16 May 2008 09:27:54 +0000 http://webworkerdaily.wordpress.com/?p=2354#comment-295040 in many ways, i think web web workers are ideally placed to weather the 'nuclear winter' - we're usually entrepreneurial, flexible, initiative-takers. if (or when) a recession comes along, the big question for me is whether large monolithic organisations will be forced to adopt a more fluid approach to outsourcing their work to distributed web workers, as a way to cut their operational overheads and remain competitive, while still keeping people employed. I'd be interested to know whether people think we'll ever get to a point where globally distributed web work will ever be the dominant paradigm for knowledge/office work? in many ways, i think web web workers are ideally placed to weather the ‘nuclear winter’ – we’re usually entrepreneurial, flexible, initiative-takers.

if (or when) a recession comes along, the big question for me is whether large monolithic organisations will be forced to adopt a more fluid approach to outsourcing their work to distributed web workers, as a way to cut their operational overheads and remain competitive, while still keeping people employed.

I’d be interested to know whether people think we’ll ever get to a point where globally distributed web work will ever be the dominant paradigm for knowledge/office work?

]]> By: Ben Overmyer http://webworkerdaily.com/2008/05/15/open-thread-planning-recession/#comment-295015 Ben Overmyer Thu, 15 May 2008 20:01:56 +0000 http://webworkerdaily.wordpress.com/?p=2354#comment-295015 There's nothing wrong with my web working life. Even if there was, I wouldn't worry. I can always find a job doing something creative. There’s nothing wrong with my web working life. Even if there was, I wouldn’t worry. I can always find a job doing something creative.

]]> By: Adam http://webworkerdaily.com/2008/05/15/open-thread-planning-recession/#comment-295014 Adam Thu, 15 May 2008 19:51:30 +0000 http://webworkerdaily.wordpress.com/?p=2354#comment-295014 Business is good for me as well, in fact I have just taken on a large new client and things are looking good for the foreseeable future. I do think things are tough out there for some sectors of the economy, but not for me. We are saving more than before (still not enough) but we are doing so because we can, not to prepare for any future economic crisis. Business is good for me as well, in fact I have just taken on a large new client and things are looking good for the foreseeable future.

I do think things are tough out there for some sectors of the economy, but not for me.

We are saving more than before (still not enough) but we are doing so because we can, not to prepare for any future economic crisis.

]]> By: anonymous http://webworkerdaily.com/2008/05/15/open-thread-planning-recession/#comment-295012 anonymous Thu, 15 May 2008 19:37:09 +0000 http://webworkerdaily.wordpress.com/?p=2354#comment-295012 Business is booming for myself and pretty much anyone I've talked to. I'm in my second year as a solo consultant/web worker and I'm set to triple my income from year one. I'm taking 40% of that extra income and putting it back into the business and saving 60% of it for a possible downturn. Business is booming for myself and pretty much anyone I’ve talked to. I’m in my second year as a solo consultant/web worker and I’m set to triple my income from year one.

I’m taking 40% of that extra income and putting it back into the business and saving 60% of it for a possible downturn.

]]> By: josh http://webworkerdaily.com/2008/05/15/open-thread-planning-recession/#comment-295011 josh Thu, 15 May 2008 19:28:29 +0000 http://webworkerdaily.wordpress.com/?p=2354#comment-295011 I'm not planning on a recession because I don't believe the hype. Sure energy costs are going up and the real estate balloon collapsed, which leads to crazy market corrections. We save anyways, but business seems really good both personally and for the devs I know. I'm too young to remember but what about the double digit inflation, unemployment, and interest rates during the 1970's? We are so much better off and perhaps a little spoiled so a little market adjustment is perceived as a big scare. Now unemployment: 5.2% prime rate 2.25% (fed discount rate; wsj prime is 5%) inflation: 3.98% 1980 unemployment: 7.5% prime rate: 21% inflation: 13.3% (1979) Oh and there was oil rationing in the 70's. And the 1930's were worse than the 70's. A Recession is defined as 3 consecutive months of economic decline measured by GDP. That hasn't happened. http://www.bea.gov/newsreleases/glance.htm I'm just tired of pessimism and fear mongering, conveniently bottle up in an election year. I’m not planning on a recession because I don’t believe the hype. Sure energy costs are going up and the real estate balloon collapsed, which leads to crazy market corrections.

We save anyways, but business seems really good both personally and for the devs I know.

I’m too young to remember but what about the double digit inflation, unemployment, and interest rates during the 1970’s? We are so much better off and perhaps a little spoiled so a little market adjustment is perceived as a big scare.

Now
unemployment: 5.2%
prime rate 2.25% (fed discount rate; wsj prime is 5%)
inflation: 3.98%

1980
unemployment: 7.5%
prime rate: 21%
inflation: 13.3% (1979)

Oh and there was oil rationing in the 70’s. And the 1930’s were worse than the 70’s.

A Recession is defined as 3 consecutive months of economic decline measured by GDP. That hasn’t happened.
http://www.bea.gov/newsreleases/glance.htm

I’m just tired of pessimism and fear mongering, conveniently bottle up in an election year.

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