Grat-i-tude (noun)
The state of being grateful; thankfulness.

Sheesh, what a good little wage slave I am becoming these days. The company where I’ve been working awhile has in the last year done three things which it’s never done before in its 40-year history: wage freezes, hiring freezes, and a layoff of approx 12% at our other facility. To be blunt, I am expecting one more thing along these lines: a reduction in hours and/or hourly pay. Perhaps a 32-hour work week?

Oddly enough, though, I’m not feeling economically terrorized by contemplating this likely next step. If anything, I’m feeling grateful that the boss has decided to take little steps instead of bigger steps, and is actively trying to preserve as much of the structure of the company as he possibly can. If he was convinced that we’re in a dead end, he’d be working to sell the place, and he’s not even remotely considering it.

There is not anyone I know anywhere who feels safe now in his or her job, and that in itself is a powerful message ~ and I know people working all over healthcare, engineering, government agencies, etc. I am thinking that if a lesser evil takes place at our company ~ like a 20% pay cut or loss of 1 day per week or the addition of a few other duties at no additional pay ~ then I’ll try to be a good little wage slave, suck it up, and be thankful that the lights are still on, the company’s doors are still open, and they’re still keeping me on the payroll. Of course I have already spoken with a number of friends about renting from them if push comes to shove and it’s no longer feasible for me to rent this little hole in the wall or keep a car on the road. But I hope to be OK .. everything is long since paid off .. and it doesn’t cost a lot to stay here.

It’s the total loss of job that brings about the less pleasant consequences. The job market here is deader than I’ve ever seen it, and that’s saying something considering that I moved here just before the tech bubble burst in the very late 1980s. Upstate NY is far deader .. Ohio is even deader than that .. yet those are the places I’d probably have to go to move in with relatives who own property and have got indoor living space and outdoor gardening space and who wouldn’t mind an extra pair of hands around the house. (and as a side benefit, living a few hours closer to GB means taking lessons from the gardening sensei)

All it’s going to take is another moron year or two of this to make me forget I used to be able to walk out of a job on Friday afternoon and have something new lined up for Monday morning. Such was the market for office temping during most of the time I’ve been in the workforce. More often than not, the companies involved were expanding along the way, the expansion involved something with computers, and that’s what helped or let me find job niches here and there. What we’ve got now is the opposite: the slow shedding of many jobs over a longer time span, and the consolidation of more specialties into fewer job positions.

Economists of all kinds are using a throw-darts-at-board approach or a guess-how-many-months approach when it comes to “when the ‘recession’ will end”. The main assumption is that it’s got to end sometime, so they keep guessing. Slightly more sophisticated (but still wholly dense) economists compare this ‘recession’ to previous ‘recessions’ and try to figure out when it will end. I hate to break the news to these folks, but matching up charts isn’t what’s going to cause a recovery .. capital formation (job & wealth creation) is what’s going to bring about a real recovery.

The real question is this: what conditions would be necessary for healthy business expansion (not fueled by credit or by credit spending) to happen?