We are in a severe recessionary period, yet for the most part most things feel normal
what am I missing?
Jul 25th, 2020 11:01 pm
Jul 26th, 2020 1:40 am
Jul 26th, 2020 2:30 am
Jul 26th, 2020 3:48 am
Jul 26th, 2020 10:44 am
Jul 26th, 2020 11:28 am
Jul 26th, 2020 12:31 pm
Jul 26th, 2020 2:49 pm
That's funny because I was laid off and due to my experience from 2008 recession (where I couldn't even find a standard retail job despite 10+ years of experience) I learned my lesson well.unowned wrote: ↑ 1) CERB
2) Wage subsidy
3) The hope/expectation that things will return to normal by the time the above two options run out.
4) Low interest rates (with respect to housing)
The irony is that I've noticed most of my friends that have either been furlowed/laid off/on CERB, theyre spending habits have loosened up a lot.
Jul 26th, 2020 3:29 pm
Jul 26th, 2020 3:42 pm
I’m on LinkedIn. I get the odd recruiter reaching out. A lot of companies simply aren’t hiring. A lot of people are looking.C_C wrote: ↑ That's funny because I was laid off and due to my experience from 2008 recession (where I couldn't even find a standard retail job despite 10+ years of experience) I learned my lesson well.
I saved a good chunk of my severance for tough times ahead and avoided any purchases that weren't a need.
I think September is when things will play out for how they really are.
Is anyone an active LinkedIn user? I constantly see layoff posts from people in my network.
Jul 26th, 2020 4:20 pm
Yep. When the hiring freezes are lifted (if they are, around the new year) it's gonna be really fun.
Jul 26th, 2020 6:36 pm
Jul 26th, 2020 8:48 pm
Jul 26th, 2020 9:00 pm
Was your job impacted by the COVID situation at all? What industry do you work in?
Jul 26th, 2020 9:22 pm
IT industry. My company removed all the job postings. Marketing is always hard hit.
Jul 27th, 2020 1:00 am
I'm not job hunting at the moment but I did have a chat with my HR friend the other day and she mentioned that many jobs can easily get 800+ applicants in a week. (split between Linkedin, Indeed, recruiters, direct career portal, etc.) It's extremely competitive since a lot of people were laid off recently...
Jul 27th, 2020 8:42 am
Jul 27th, 2020 8:46 am
Jul 27th, 2020 8:57 am
We literally cannot afford a second wave, especially if the second wave is worse than the first. It will wipe people out and businesses out. Retail is getting wiped out and food/beverage business, businesses who were in the middle of expanding, small businesses cannot weather this, and fortunately/unfortunately small businesses who were too creative with their tax reporting.motomondo wrote: ↑ The real problems are going to start beyond September. I think that would still be too early to tell.
Let's look back: Millions of Canadians lost their jobs, are only a portion was able to go back to work. The rest are depending on government help. Right now, the situation is stable precisely because of that... some people went back to work, and others are on CERB.
But CERB cannot last forever, and the economy is going to need months, maybe 1 year, maybe longer, to employ everyone back again.
And if there is a spike or second wave, we are doomed.
Jul 27th, 2020 9:51 am