No body is safe from this economy. Not even the gang from Sesame Street.
Where in the hell do they think these guy's will find work????
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Very, very sad. :'(

Sorry for any of you out there that were a victim of this economy. :(

I read that too but it does not make sense.  With Tickle Me Elmo and all the other merchandising done in the name of Sesame Street characters, for them to be laying off people just means somebody is being greedy.    

And it's only going to get worse I'm afraid.  The hiring freezes are preventing many from gaining new employment.  If there is an opening, companies are well aware it's more cost effective to bring someone in at a much lower wage and train, than hire someone with experience.  

Redd wrote on Mar 14^th, 2009 at 11:39am:

If there is an opening, companies are well aware it's more cost effective to bring someone in at a much lower wage and train, than hire someone with experience.

That's a fallacy that businesses would like for you to believe.  Yes, in the short run that would seem to be the case, but in the long run, no.  When you figure in the man hours that it takes to train an unexperienced person as opposed to hiring the more experienced person at a higher wage, it actually comes out to be the same, especially when you consider what the inexperienced person produces compared to the experience person.  

Unfortunately, many businesses aren't looking at the long range possibilities.

As Delta has said, it's not cheaper long term. However, some I know would rather hire someone with no direct experience for a position and eat the cost of training to insure that the job is handled "our way". Added benefit is that no perceived "bad habits" are brought to the job from a experience with a competitor. This is particularly true in direct sales.

It goes both ways...depends on the hiring managers point of view.

Most corporate managers these days are taught to serve their stockholders, who look mostly at quarterly financial reports. It's a "what have you done for me lately" world on Wall Street.

How many cookies does he want? i've got a queue waiting and they don't need a haircut
I might go to 3 an hour if pushed

Long live the Banks and the Chinese economy in helping us poor folks see the light.
( you only getting how many million bonus! think you should sack the workers, Dross anyway! who's gonna clean the shit off my shoe, better keep a couple back but pay em 2 cookies)

There is hope out there.  I know things are tough, especially in some fields, but there is work to be found if you are willing and able to do the job.  My daughter lost her job right after Thanksgiving when her plant closed due to the steel mill that supplied them closing.  She just took a new job yesterday, and it has better hours, pay, and benefits.  

Keep your heads up, keep networking, and DON'T give up.  

Jerry

Jerry,
I'm glad your daughter was able to find something better, but I fear that may not be the case in a lot of areas.  I know that it isn't here.  We've lost three plants since November and for the majority of these workers, there are no jobs and even if there were, the wages would be less than the unemployment they are receiving.  I don't make that high of a wage (not too bad, but not wonderful) and I'd be hard put to find anything close to my pay range.

Carolyn

I suspect that I won't land a new job "in my pay range" for awhile. I've had multiple interviews that went very, very well, but ended with: "You are the right the guy for the job. We have to wait to see what is going to happen with this economy"

But I'm not proud. I've been doing all kinds of odd jobs to keep the lights on and food on the table. And I'll keep doing whatever it takes. Last week I got pretty good with a chain saw working for a neighbor with a tree clearing business. (Man, I'm sore.....)  Week before last, I made a few bucks slapping together a very rudimentary website for a budding service business in Florida and programming some controllers that I used to work on some 20 years ago. Selling toys that I really don't need helps too.

In January, my base salary was just under $12K per month plus full benefits. I'll be really happy if I make $3K this month. I ain't dead yet.....

Would you like fries with that?

Marc

Marc...this above attitude says more about you and your character and integrety than almost anyone else I have heard in a LONG time here.  I am in awe.

You are my hero and I totally respect you and your values.