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- #51
A bad economy hurts everyone. Employers get hurt because business is slow, sometimes slow enough so that the business can't pay its bills and becomes insolvent.Excellent analysis and it is now happening here in Oz.
Running WFD operations one of the 1st questions I ask is what certificates do you have?
U/E 1 : Cert 2 in Logistics, Forklift Licence , Work Zone Traffic Management , Cert 2 Horticulture
U/E 2 : Cert 3 Horticulture , Forklift , Cert 2 Logistics, WZTM ,
U/E 3: Forklift, WZTM , Cert 3 Logistics
etc etc
Everybody now has a certificate , so what differentiates them? It seems when the resumes go out they all read the same. What is it that makes a candidate stand out? The irony was one person had an Excavator Operators ticket. When he applied for a job he was asked if he had 200 hours experience? How is a person meant to gain this experience if he is legally not allowed on an Excavator without a ticket? ( I understand the company hoped he had found this experience elsewhere but as a starting point its crazy)
Employees get hurt because the job market becomes very much a buyer's market. You need experience to get the job, but you can't get the experience because no one wants to risk giving experience to someone who is not already experienced ...
In addition, I've heard quite a few dodgy stories from small businesses lately - people not getting their legally required breaks, or even being underpaid. If they confront their bosses about it, they might get sacked. If they report their boss, the business might get shut down. In a bad economy, people take what they can get because they know it might be extremely difficult to find another job.
If you're a good enough employee that organisations head-hunt you, you're more likely to become or remain a member of the higher economic classes. If you're not very talented, or skilful, or hard-working, or experienced, you're more likely to be left on the economic scrap heap. Economics 101 - the labour market is much the same as any other market.
Unemployment begets unemployment - this is part of the reason we have an underclass even in rich countries. That's why I support the idea of early intervention in relation to welfare-dependency. No person who wants to work should fall in a whirlpool in which finding a job becomes harder and harder as they've been out of work for longer and longer.