They Call It Generation Debt

It’s been years since I regularly read the Village Voice, but there’s a recent article that makes a point I’ve been saying for some time now. In looking at the last few years of my career, I’ve had to say, “I guessed wrong when I chose a career doing technology marketing. I thought the sector wouldn’t fall as hard as it did, or even if it did fall, I had enough connections and a good enough resume to keep employed.” I guessed wrong and paid the price. And now the Voice is looking at this same issue:

Choosing a career path is a high-stakes gamble on where the jobs are likely to be two or four years down the road. Guess wrong and you could end up at a dead-end retail or fast-food job, slowly climbing out of a deep, dank hole of debt. Guess right, and you’ll enter a job market that offers less security than ever.

I’m older than the people the author highlights as examples, but he has profiled my life too, down to the choices I made when my career crumbled and I needed to take a job – any job – to keep it together. I try hard not to wallow in self-pity over what happened. I certainly don’t think the world owes me a career. But it’s damn hard to build a life when the career choices you make go so swiftly from right to wrong.

Here’s a look at the future:

May marked the nation’s third straight month of job growth, but the long-range view is mixed. For the best handicapping, you want the job market equivalent of a Las Vegas line-maker, the Bureau of Labor Statistics in Washington, D.C. Every couple of years officials there release the mother of all occupational outlooks, the 10-year employment projections. The most recent one, published in February, projected 21.3 million net new jobs through 2012. Construction jobs should keep growing (expect to see a million more by 2012). The strongest service-sector bets are in education, health care, and state and local government. The single best choice may be to join the ranks of registered nurses (623,000 new jobs).

But here’s the depressing news: Of the top 10 occupations with the rosiest projections, seven are by and large poorly paid McJobs: retail (596,000 new jobs by 2012), customer service (460,000), food preparation (454,000), cashiers (454,000), janitors (414,000), waiters and waitresses (367,000), and nursing aides (343,000). And the BLS admits its numbers don’t distinguish between full-time jobs with benefits and part-time or temp work. In other words, there will be plenty of jobs, but far fewer careers.

I have been giving a lot of thought recently to going back to school and finally getting a Master’s degree. According to this, I should be looking at nursing school if I want some career stability and even then, who knows what will happen 5 years from now.

My Depression-era grandparents would probably tell me that work is not meant to be something you like, so go to nursing school. But I have no interest whatsoever in doing it. Perhaps I’m like one of the out of work buggy whip makers who were unable to let go of the career they used to have – except that technology and marketing are neither of them going away. Hence my thought that what I really need is an MBA. Of course, getting one would mean even more debt and more time off the job market. A scary thought given our financial situation. But is staying still even an option anymore?

Tip of the hat to Whoviating for the link.

Yay TiVo

Have had the blahs the last day or so, maybe I’m a bit blogged out. Here’s a bit of good news to those of us with multi-TiVo households:

TiVo has cut their monthly rates for the 2nd through 5th TiVo in the household. That’s $72 less I have to pay them.

My feeling?

A Weekend in the Country

Spent a lovely weekend more or less offline with my parents at their summer home CT. Today, I helped them move their sailboat from its winter home in Mamaroneck, NY to its summer slip in Rowayton, CT.

It took about 7 hours, because although there was a reasonable amount of wind, it was blowing from the wrong direction and we had to beat all over Long Island Sound to get where we were going. I hadn’t been on a boat in more than 4 years and was a bit nervous that I’d be no help, but to my pleasure discovered that I can still stand a trick at the wheel and trim a sail, although I had to think a lot harder about whether what I was doing was right than I used to.

The last hour was a little stressful, as we started sailing right towards a fairly powerful thunderstorm. It was a warm day, and I had some spare dry clothes with me, so getting wet wasn’t that big a deal, but the frequent bolts of lighting were a little scary to watch when you’re out on the water with a really tall metal mast inviting the lightening to come pay a visit. I saw one particularly brilliant lighting strike hit a flagpole right on the edge of the shore. That got me nervous. However, the lighting decided to steer clear of our boat and we made it back to shore drenched but otherwise unharmed.

Tomorrow, I get together with a few more family members in NYC and Tuesday I’m back in SF.

Some mornings things don’t connect

Forgot to plug in the cappuchino maker & then spent 10 minutes wondering why my coffee wasn’t brewed yet. This is only the second time in 18 months that I’ve had 2 days off, in a row, at home. So no wonder I’m a bit discombobulated.

It’s looking like a nice day out there. It’s probably a nice day back East too – I tried to call Mom & got her answering machine. No idea what she & Dad are doing but I hope they’re having fun. I’ll try again closer to dinnertime.

I got a nice surprise on my last work paycheck – 9 days of vacation pay. I didn’t think I had quite that much vacation built up, but I did. With airfares so low, I am thinking hard about taking a week of R&R back East.

Yay May!

A nice Tuesday morning in May and it’s been alomst a week since I’ve blogged.

In my head there’s parts of a post about the godawful mess that is the reports of prison abuses in Iraq at the hand of Americans but I am too drained & disgusted to put the whole thing together into coherence.

Today I am off. Tomorrow & Friday are my last two days at Aerosoles. I’m going out on a high note. The store just finished a second month in a row where it posted double-digit increases in sales over last year. If I weren’t so tired & burned out, I’d be really happy about that. But mostly I’m numb.

Current plan is to take a little time – something between an week and a month – to chill out and get my head back together. I can’t stay off work forever, so I’ll need to get a job again by sometime in June. As yet undecided is whether I’m going to look for a placeholder job to tide me over until I go back to school, or a ‘real’ job. I have to say, the though of just pulling coffee at Starbucks for a while has some appeal. After all the stress I’ve been going through, not having much responsibility for a while is more alluring than it used to be.

Entry 100

Wish it were a more upbeat one.

I blew a 3rd interview today. After some 2 hours of talk, the interviewer gently told me I was not the right candidate for the position and was kind enough to tell me why. The fact that I was going up against 2 internal candidates for the job was one factor. The other (and more telling) one was that I was so obviously burned out and unhappy that he couldn’t be sure whether I really wanted to work for his company or if I just wanted to get away from where I was now.

And he was right.

Being tired and burned out is one thing. But if it’s impacting my ability to not only do my current job, but to get other jobs, I need to get out now.

I’m giving notice tomorrow.

Tonight, I’m going to have a big glass of wine and try to not feel sorry for myself.