RE: Debt Doesn't Work In an Ever Changing Job Market
Hi @chekohler
Honestly, the title of your publication says a lot.
Debt Doesn't Work In an Ever Changing Job Market
I particularly identify with this publication, since I live it every day, and there is something to consider and that is the country where everyone can read this publication.
but you're also right about one thing.
Now with the introduction of automation, we will see even more jobs being stripped from the marketplace and drive up competition. This will only see more debt not being honoured, and we will see rising defaults which will bring down a number of sectors from education, cars, homes and many businesses running up major debt to stay afloat.
We have to know and learn how to get ahead in spite of economic difficulties.
Greetings from Venezuela, a country that fights for its freedom.
There will always be people who do better than others during tough economic times, its those who were living within their means and not too exposed to debt and overleveraging themselves. People who are cash-rich in a sense.
The correction will affect everyone differently, but I think it's needed if we are to build a more responsible and inclusive economy, that or we all die poor