My piece of advice is this: if you are fortunate enough to keep your job during a recession, be ready to look for a new job quickly after the recovery.<p>I kept my job during the 2008 meltdown, and I suffered from a bad case of salary compression [1]. Although we didn't lose our jobs, our salary froze during the first 4 years. Our bonuses got cancelled, so effectively our income went down. On the fifth year we started getting meagre raises, and when I finally left after 7 years, my salary went up dramatically. I estimate that when I left I was getting paid easily half of market rate.<p>Moral of the story, I could have left after a couple of years in a recovering economy rather than keep the same grossly underpaid job for so long.<p>[1] <a href="https://www.google.com/search?q=salary+compression&oq=salary+compression&aqs=chrome..69i57j0l7.2523j0j7&sourceid=chrome&ie=UTF-8" rel="nofollow">https://www.google.com/search?q=salary+compression&oq=salary...</a>
<i></i>Submitter MarkHall is also the article's author. Looking at his user history, he submits articles he writes here, despite their irrelevance to this community<i></i><p>I don't see any value in this article posted here.<p>1. It's general content<p>2. It's not related to technology (or other STEM knowledge/innovations)<p>3. Many tech companies are hiring<p>4. covid is not effecting many software engineers as much as other occupations since we can work from home.
"Don’t constantly listen to news or TV programs that repeatedly harp on the economic challenges - just take action and stay focused on your goals"<p>Perhaps the hardest of the suggested things to do, but the most productive.
It seems kind of a sham to write this for a generic audience when specific job sectors are likely to be much worse hit. If you’ve built a career in management at a large retailer for instance, and all the large retailers are hurting the same, your resume probably doesn’t matter at all in this downturn.<p>When will you get a chance to elevator pitch someone while on lockdown?<p>What do you do if you don’t like data privacy practices or dark patterns of platforms like LinkedIn or social networks?<p>In reality this article is written only for white collar workers in industries likely not as strongly impacted by the recession who are looking at job options at other white collar positions also not heavily impacted. And in that case the advice basically boils down to “do what you would normally do.”<p>In that sense it’s kind of a frustrating article masquerading as though it’s helpful to people hitting hard times.