The Future Of American Jobs – Essay Example
When you’re down, there’s no other way than up. The recession has created a black hole in the job market which created a vacuum that left 8.4 million Americans jobless and where job-seekers amounting to 2.7 million are left in the curb totaling to about 11 million unemployed. Robert Reich tells us this is more shattering if part-time workers who prefer to be full-time and underemployed workers are to be included. He also projects that it would take somewhere between 5-8 years before the economy could fully recover from the effects of the recession. The level of spending comparative to the years before recession is seen to be affected as a result of the downfall in the economy of the country. While there may be some who have already improved in terms of financial capacity, their homes could still be seen as an indicator of the apprehensions that they hold towards the previously witnessed falter of the economy (par. 2-5).
As what could be seen in the news and other sources, this has been a battle between positivists and pessimists. Some say it could still get worse before it gets better and this may take years while others contend that there is a showing of a recovery faster than what was expected. It is interesting to note new trends that have emerged through this atmosphere. The surge in contingent workers could be attributed to this as part-timers doubled in 2008 and has continued to grow since. This contains sentiments on the level of safety given to these employees who are mostly part of the interactive job description (Stern, par. 3-4). There might be a need to retrain the workforce to adapt the the new jobs being created. As most of the unemploed are relatively young, then this might not be much of a problem except in time and expenses (Faroohar, par. 6-7). The best fact remains that actions are being taken to take things up.
Faroohar, Rana. "Where the Jobs Are?" 25 September 2010. Newsweek. 30 October 2010 .
Reich, Robert. "The Future of American Jobs." 12 April 2010. Huffington Post. 29 October 2010 .
Stern, Linda. "The New American Job." 28 January 2009. Newsweek. 30 October 2010 .