Recession = Graduate School

Mark — Sun, 10 Jan 2010 14:50:47 +0000

A variety of pundits are saying the global recession (or the great recession as many are calling it) is officially over. However, while the massive job layoffs and corporate downsizing might be coming to an end or slowing, few firms are actually adding jobs and real incomes continue to be down. Many firms and governmental authorities might want you to believe the recession is officially over but we all know the truth. Some consumer spending is up but it is up because people are not paying their mortgages. Additionally, fewer people are working full-time and more and more are returning to graduate school or law school in an effort to improve their future job prospects. Most developed societies across the globe are experiencing some fundamental shifts with the character of their economies changing forever as well. This now requires a greater number of service related employees or intellectual and knowledge workers with technology prowess and those societies that fail to adjust or adapt will slowly decline. So, if you haven’t already, you might want to consider brushing off those GMAT books or LSAT books and start preparing for these graduate school exams or face the prospect of employment irrelevance.

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Recession = Graduate School