Posted on February 10, 2011
The tenets of career management training have been greatly impacted and may have to be substantially revised in response to the emergence of the "New Economy" in the United States. This "New Economy", of course, has been somewhat violently forced upon Americans by way of the United States being part of the "New World Economy".
It seems amazing that although the signals and signs of this approaching "sea change" in the world economic order of nations have been visible to Americans for at least a decade or more, we, as a nation, appear to be quite surprised and shocked at this turn of events. One possible explanation for the surprising nature of this reality shock is the added negative impact of the world economic upheaval of 2008-2009 and the trailing recession. Together, these two events greatly enhanced the negative effect of the New Economy on working class Americans, particularly those belonging to the Great American Middle Class.
How The New Economy Impacts Career Management Training
Three primary characteristics of the new economy combine to make planning and managing an occupational career a more challenging task.
1. Uncertainty
This is arguably the most pervasive effect of this new economic age. It is now clearly apparent that entire industries that employ thousands of workers at all occupational and career levels which we thought were permanent entities, can simply vanish. What can you do if your life plan hinged on pursuing a career in an industry that simply ceases to exist? Traditional career management training does not address this phenomena. Read more...
Posted on January 8, 2011
Apparently the good old lemonade stand has been made illegal! In fact worse than just getting shut down kids and their families are actually receiving fines if they are caught. Just when you thought there couldn't possibly be any more silly regulations to be enforced right? So how do you teach your kids about entrepreneurship if they can't put up a lemonade stand?
It is clear that with the way the economy is going and the changes we are seeing in the business world that the only way for you to truly equip your children to provide for themselves in the future and have the chance to live a really full life is to teach them entrepreneurship.
School obviously ill equips students to leave and open their own businesses, let alone even manage their own money. Unfortunately as we can see their isn't going to be much of a future, at least not a reliable one for those who simply graduate and plan on working for someone else until retirement. So a good start is to begin by teaching them about how to manage their money, how to save and how different types of investments work. You can start out simply by playing games like Monopoly and move up to using stock picking tools and simulators online. Give them a virtual account or an allowance and guide them on how to get the most out of it. Read more...