September 14, 2005
“blame enron”
It also supports the theory that one of the reasons for lingering unemployment in the current recovery is that job losses in this recession were structural rather than cyclical– which is to say that your whole industry became a permanently less attractive place to work, rather than suffering a temporary downturn in demand that ends when the recession does.
That would explain a lot, especially in the advertising business.
[NOTE TO SELF:] What’s with the “Die, Advertising, Die” kick you’ve been on these last few days? Jeeze Louise.
“Last few days?” — More like last few months, and I haven’t been around for that long so it could be longer.
The structural changes have been predicted for a while, I am thinking of some of Tom Peters work from 10 years ago predicting the net and computers would do to white collar ranks what robotics did to the blue collar in the 70/80s.
Hugh:
Thanks for posting that little nugget of wisdom. The big question is… what does a 47 year old tv/film producer (i.e. me) do now?