The U.S. job market continues to flounder; when we do have growth, it's very weak. While this article suggests that the Japanese tsunami and earthquake may be partly to blame, the fact is that this is an ongoing weakness and the hallmark of a shaky economy.
No one is predicting that this problem will be solved anytime soon. Some believe it's a systemic problem with no easy answers. So our children will likely enter adulthood in an economy where the phrase "job security" is an oxymoron.
What can we do? We can raise entrepreneurial children who understand how to develop a side income, and help them become financially savvy so that they know how to stretch the dollars they earn. I cover those subjects in great depth in Thriving in the 21st Century: Preparing Our Children for the New Economic Reality.
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Actually, way before the economy took a downturn there was no such thing as Job Security. A boss could decide to make your life miserable in order to get you to quit. A business could make bad decisions and need to lay off workers. Even in its hay-day, Job Security was a myth. It's always a good idea to develop multiple streams of income and I highly recommend this book!
Thanks for your kind words, JoJo! And I agree with you about job security, but the common wisdom for many years has been that if you took the right job, you would find it. Now many people are finally learning that this isn't true. We've got to teach our children differently because it's a different world.
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