I am of the mind that the recession (in it's most direct application) is in fact over. I ascribe and agree to the premise that the GDP is ~%3 greater than in Q4/2001. Conversely, I also feel that despite the recession being past in that sense, the recession is still strong in the job market.
My own reasoning is that once the belt-tightening began, many companies have actualized their late 80's goals of doing more with less. IT and software have matured to the point that they actually coded people out of a number of jobs. Granted, some of the downturn was self-correction: flushing the idiots that were making business more difficult because of their incompetence (aka the Peter Principle). It's still really goddamn hard to find a job unless you don't mind allowing yourself to be underpaid (objective disillusionment may be the case here), or underemployed (see previous parens.)
So... after having said all that, is the recession past? If so, why is the labor market still buggered?
_________________ Disco-laser DNI'd by P51mus... it's still crispy.
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