The economy has downsized from what it was in the earlier 2000′s and 1990′s. We are living in a whole new world. Some people think they can get away with going back to school, as if that will solve everything in their life. The change in the economy has come too fast for most people. Corporations do not need as many people as before due to automation and outsourcing.
What is left to do?
The majority of us must go back to the old way of living. In fact, most of us already have done that in the last few years (foreclosures, deleveraging, and downsizing). The economy’s old job(accountants, engineers, lawyers) are not coming back, therefore you should shift your resources (your brain) to pursue other pursuits.
Living with 1 or 2 credit cards – and using them rarely. We must pursue other passions in life than shopping, watching TV, or going on Facebook. We need to start engaging with people on an everyday basis. Or create a hobby or learn how to do art. Creativity is a must in this economy.
We are going to a economy based on creativity. This has been already ingrained in our mind by certain individuals. Getting an accounting bachelor’s degree or even a masters is no sure shot to finding a satisfying job in your life.
Sell your creations on Etsy.com. Write a book. Seek closer bonds to your community. These are things I want to do, and feel that the world would be a better place if done so.
Unfortunately we still live in a society where your job dictates your healthcare, so are living in fear of losing their jobs because of that. Another idea aside from that, people are beginning to save for unexpected emergencies (healthcare emergency, layoff etc.) Let’s face it, life right now is really tough for many Americans. 40+ million on food stamps. And we only have 300 million people. I do not think things will get much worse than this.
I plan to change my lifestyle, learn a new hobby, and interact with my local community.
America has changed from 3 years ago. Many people are not seeing this shift and think the old economy will come back (living in much different times now). The old economy cannot come back because we were living in a time of excess credit. Now that excess credit is gone and we are back to normal, which has caused a lot of pain. In fact, it may have been the governments fault for creating too much credit. In most cases, the government is always blamed (which it is now).
It is time for me to pursue more creative pursuits. I believe this is a turning point in America’s history.