Thursday, March 27, 2008

I haven't been updating much lately. I've been busy programing my Intel chip to make it work with any other things. A few months back, there were talks that there is a possibility that the U.S is going into recession. Just recently, headlines were spawning all around saying that there is a consensus that the U.S will go into recession. Sadly, recession has already hit the U.S and we'll probably feel the impact really soon (in half-a-years time max?). And I'd probably graduate in the midst of the recession period.

So during a recession, people will tend to spend less and when people spend less, companies/firms tend to produce lesser to meet the demands. Hence, there is lesser need for a large workforce which they had during "good times" and I'd expect less recruitment ads or jobs available. Now what?

It means that I'd probably be jobless when I graduate and it'll be difficult for me to find a good-paying job as I have to compete for that smaller job pool with a greater supply of workforce (counting those who got retrenched). So where does a fresh graduate with no or little experience stand in the pool of labour consisting of more experienced labour?

My only bet is for the U.S to bounce out of recession real soon but hopes fading away as economists believe that the U.S will get out of the recession earliest by 2010.

Well I guess I have to be mentally prepared that my pay will not be as good as what engineers are getting now when I look for jobs next year. And I have to be mentally prepared for changes in the economy as what is "hot" today in my engineering line might just be lukewarm tomorrow.

Well, I could join the civil service and be a civil servant. But that's the last place I'll go to (last resort when desperation sets in) given the character that I posses.

The near-future looks quite grey and fuzzy. It certainly looks very gloomy. However, a good news is that economists believe that the recession will not be as bad as what we felt back in the late nineties. Heads-up no matter what happens.