MTK
In chapter 6 we looked at how business cycles are normal and how unemployment ties closely with those business cycles. Given this information you will probably experience the effects of a recession at some point in their lifetime, if you haven’t already.
- The last recession the United States experienced was from 2007-2009. If you were effected by this recession(or any previous recessions) in some way and feel comfortable sharing/explaining how this, please do so as your discussion for this post.
Example: I graduated from WIU in December 2008 with a Bachelors in Marketing. At the time there were very few jobs available to experienced professionals, let alone new college graduates. After applying for many jobs in many different fields and getting no responses for interviews, I decided to apply for Graduate School. In the Spring of 2019 I started getting my Masters degree in Economics, which helped me get the knowledge and experience necessary to get a job as an Economics Professor in August 2010. During this time many of my friends also graduated from college and either continued on with their education or took jobs that were not in their degree of choice, but they were employed. Most have moved into jobs of their chosen degree at this point, but graduating in 2008-2009 was very difficult. — This is what actually happened to me!
- If you have not been effected by a recession in some way, ask a friend, family member, co worker, etc. about their experience during the last recession(or any recession) and how things may or may not have changed since this time. What did you learn from talking to this individual/individuals? Everyone will have had different experiences/stories to tell. Some may not have been largely effected by the last recession at all, and if they weren’t why do you think that was the case? Please keep in mind, that for some individuals this may be a sensitive topic, so please be considerate when asking questions about this time frame to others.
This post is worth 15 points. This should be 1 to 2 paragraphs in length and have correct grammar.
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