Everyone knows that for at least half a year, the country's been in a recession... The stocks continue to fluctuate daily, real estate sales are only starting to inch up, and the shovel-ready jobs Obama "promised" haven't exactly materialized yet. Interesting.
Sure, just like everyone else, I've been monitoring my spending and setting a little extra aside in order to prepare for the worst. I may not be a millionaire, but I have a pretty good job with benefits, and I consider myself to feel lucky to be in a comfortable position. But the broadcasting industry is starting to really feel the effects of a down economy. Since businesses are not spending as much for advertising, we're not taking in as much money from the sales of our "air". While we haven't seen any layoffs... yet... about 2 months ago, corporate decided to eliminate pension benefits for all unvested employees. Strike 1. Then last Friday, they decided to hand down "mandatory time off"... which essentially is a fancy word for a work furlough.
Unlike other businesses, that are forcing its employees to take off a week of work at once, without pay, my company is spreading out the "pay reductions" for a month period. It won't be a direct blow to the bank account... just a few slaps against the face.
I'm still trying to look on the bright side, but I don't think all the worrying is over with yet. The year's not even half over yet, so anything can happen in the next 6 months. Hopefully, strike 3 won't be layoffs. I'll be saying my prayers nightly, you can be sure.
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