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How long would you expect someone in a high volatility profession to be out of work for? The logic would really only be flawed if someone became long term unemp
by drited 5y ago
How long would you expect someone in a high volatility profession to be out of work for? The logic would really only be flawed if someone became long term unemployed or didn't have enough cash reserve to cover a few months of temporary unemployment and hence was risking selling equities from savings at a time of unemployment (which could well correlate with low equity valuations)
- orzig 5y agoI found it comforting to realize that long-term unemployment is quite unusual, less than 6% of the unemployed (who, even in the depths of a recession, are low double digits) for 'Professional and Business Services': https://fivethirtyeight.com/features/the-biggest-predictor-of-how-long-youll-be-unemployed-is-when-you-lose-your-job/ https://fivethirtyeight.com/features/the-biggest-predictor-o... Obviously, I can't speak for everyone reading this, but if you're getting pinged by recruiters regularly right now, I'd bet that you'll be able to find something within 6 months even in the next recession.