Economic Recession = Rebirth
Wednesday, January 7th, 2009
Though, I’m a huge advocate of being vigilant concerning where we place the majority of our attention, I also understand the importance of being aware of the current economic reality facing this nation. I’m not an economist, nor do I pretend to have the slightest grasp of fiscal expertise. But, perhaps I possess something else which qualifies me to write this post: I’ve had an experience with a situation that’s currently happening to many people. And, in my opinion, I represent a real world example of coming out the other side better off for having experienced it.
Seven and a half years ago, I was displaced from my job of almost a decade (along with roughly one thousand others) when my employer filed for bankruptcy. We were union; I was vested and building on a decent little pension, not to mention having amazing medical, dental and vision coverage. My hourly rate of pay was almost five times that of minimum wage (in 2001).
Due to the great benefits and the literal amount of blood sweat and tears I had invested in my position, I was devastated when our location was unable to escape a wave of closures that rocked the company. There were “rescue” buyout negotiations occurring all around us, yet we weren’t among those being saved.
(Read the rest of Economic Recession = Rebirth…)
