Recession-[ri-sesh-uh n] –noun
1. the act of receding or withdrawing.
2. a receding part of a wall, building, etc.
3. a withdrawing procession, as at the end of a religious service.
4. Economics. a period of an economic contraction, sometimes limited in scope or duration. Compare depression (def. 7).
Greed got us. Good.
I think the entire conversation around the 7 year cycle of the economy's birth and death is largely true. WHatever goes up comes down and so on and so forth ad infinitum nauseum.
Pre-empt anything that threatens 70% profitability. That includes refusing obvious bonus payouts, changing statements, not publishing anything in writing quoting legal implications-and passive aggressive employee treatment.
The Simple Truth
OK-Most porobably the reader by now is baffled by the mismatch of the title and the content. Well, the above will make sense once the following is absorbed.
My Employer -a $160M 70% profitable privately held IT provider decides one day that the entire workforce out of India is expendable. The decision is made to give employees the option to either stay(they will be replaced) or sign up as independant contractors on ODESK.
Ahaa! I dont trust people I represent -So pay me 10% of what you pay them for work they do and I will help you click a picture of their Desktop ever 15 minutes.
Bonus!!! If you'd like We can monitor their Web Cam. Lets get the Indians and The Russians. They don't mind working at $5 or $10 an hour doing extreme programming, while they get monitored.
We also Guarantee that the slaves working harder will be better rated as we will be monitoring their mouse activity/key strokes and processor utimization. Better Slaves =better productivity
IT & Panopticism
Hampered productivity Via deterred multitasking,low morale, constant fear of monitoring-welcome to new age commoditized outsourcing.