astro posted on March 16, 2010 18:12
I call this economic recovery the "rocky road" recovery. While that was also my favorite ice cream as a teen when I had the munchies - it's now my favorite economic recovery flavor for two reasons: talent and planning.
Witness the following.
- Talent. Today the State of Washington reported that the unemployment rate inched up in February and is flirting with 10 percent again. See the Seattle Times article here. Putting on my glass half full LinkedIn hat - that means more hungry talent will be seeking opportunities than ever before. And that's a counter-cyclical recessionary benefit that accrues to small business owners seeking to improve business operations as we head into recovery. Note that I give a related-LinkedIn speech at Robin Robin's boot camp in mid-April HERE.
- Planning. A rocky road receovery is actually easier for me and fellow small business owners to plan for. The long steady road with perhaps <5% GDP growth for the foreseeable future forestalls another boom/crash cycle. I'd rather have predictable growth than the dot com/dot gone and housing bubble booms/crashes we've witnessed in this past decade. Compare and contrast the US experience outlined above with Australia. Wayne Small (SBSFAQ)and the rest in Australia have enjoyed 20+ years of modest economic growth without a dip mate...sign me up!
What say you?