4 ms·

Jeez, this really isn't the best time to start the process of getting my first job post grad school.

by ddavis 7y ago

H8crilA 7y ago
This too shall pass. Also a recession is a cleansing thing (Austrian school). A lot of unproductive people will be fired and a lot of stupid projects will be shut down, creating space for new ventures. You should take risks exactly during the time of a recession, not during the time of market & general confidence all time highs. Same with young age - take risks when you're young and your downside is small. But it ain't going to be easy. (contingent on the recession actually materializing).
- __s 7y ago
  For a novel that romanticizes this idea that recessions are the time to take risks, see The Driver by Garet Garrett
  - H8crilA 7y ago
    Ahh, the times of bimetallism. Bimetallism was the Bitcoin of the times, railroads were the "tech" of the times. Robert Shiller has a very entertaining comparative research between Bitcoin and bimetallism in his book Narrative Economics: https://youtu.be/QV0JrMV5nnc https://youtu.be/QV0JrMV5nnc
  - scrupulusalbion 7y ago
    Thanks for the recommendation! Here's a PDF version of it: https://mises.org/library/driver https://mises.org/library/driver
- castratikron 7y ago
  It might actually make sense to work for sweat equity again.
JMTQp8lwXL 7y ago
If you are skilled at what you do, you'll survive unscathed, in the long term. Those statistics about people earning less in aggregate (that graduated during the last recession) are true, but you don't have to be the average employee. If you work for it, these forces working against you can be overcome.
pcurve 7y ago
My condolence. I graduated in May 2001 post bubble. A lot of my friends had their offers withdrawn by the time they graduated. I started a small dev firm in lower mid town manhattan instead. Then 9/11 hit that year. I know kids that graduated just a year prior actually ended up doing quite well overall. But class of 01 and couple years following, I think jobs were harder to find. Best of luck. I think timing may still be on your side, but I feel sorry for kids graduating next year.

Jeez, this really isn't the best time to start the process of getting my first job post grad school.

by ddavis 7y ago

Jeez, this really isn't the best time to start the process of getting my first job post grad school.

This too shall pass. Also a recession is a cleansing thing (Austrian school). A lot of unproductive people will be fired and a lot of stupid projects will be shut down, creating space for new ventures. You should take risks exactly during the time of a recession, not during the time of market & general confidence all time highs. Same with young age - take risks when you're young and your downside is small. But it ain't going to be easy. (contingent on the recession actually materializing).

__s 7y ago
For a novel that romanticizes this idea that recessions are the time to take risks, see The Driver by Garet Garrett
- H8crilA 7y ago
  Ahh, the times of bimetallism. Bimetallism was the Bitcoin of the times, railroads were the "tech" of the times. Robert Shiller has a very entertaining comparative research between Bitcoin and bimetallism in his book Narrative Economics: https://youtu.be/QV0JrMV5nnc https://youtu.be/QV0JrMV5nnc
- scrupulusalbion 7y ago
  Thanks for the recommendation! Here's a PDF version of it: https://mises.org/library/driver https://mises.org/library/driver
castratikron 7y ago
It might actually make sense to work for sweat equity again.

JMTQp8lwXL 7y ago

If you are skilled at what you do, you'll survive unscathed, in the long term. Those statistics about people earning less in aggregate (that graduated during the last recession) are true, but you don't have to be the average employee. If you work for it, these forces working against you can be overcome.

pcurve 7y ago

My condolence. I graduated in May 2001 post bubble. A lot of my friends had their offers withdrawn by the time they graduated. I started a small dev firm in lower mid town manhattan instead. Then 9/11 hit that year. I know kids that graduated just a year prior actually ended up doing quite well overall. But class of 01 and couple years following, I think jobs were harder to find. Best of luck. I think timing may still be on your side, but I feel sorry for kids graduating next year.