Wall Street – A Depressing Sign of the Times

|

I just returned from a week in New York.  There is lots of interest in Healing the Wounds among the press and from those who have experienced layoffs.  There seems to be a paradox: some economists are saying the recession is over but unemployment keeps going up – New York is now above 10%.  I think what’s happening is that organizations are getting comfortable with doing more with less and the trend of people as costs to be reduced as opposed to long term assets to be developed is starting to sink in.  One media event took be to Wall Street.  I hadn’t been there since 9/11 and it is a pretty depressing scene.  Guards and barriers around the stock exchange, and a guy with a sandwich board showing his resume and asking someone to give him a job

Leave a Reply