'.... But this isn't the real danger, the danger is the deflation, the collapse of commerce, and the failure of the economy to provide services, goods, and jobs.
kiyoinc.com
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This is another aspect of Y2k that is truly frightening. I see it beginning to take shape in my industry in my area of the country. Sales are way off and management is looking for ways to cut expenses.
The first expenses to go, of course, will be those marginal jobs that make life easier for managers (Support Personnel). If your job doesn't contribute directly to the bottom line, it is in jeopardy. I think we will see many layoffs as companies consolidate to ride out the Y2k storm.
As the herd moves and gets serious about Y2k preparations, it will be harder and harder to keep a job selling non-essentials like life insurance, automobiles, investments, etc.
I just wonder if others have witnessed a shift in buyer's focus and if and how it will affect various industries as things begin to wind down or are my reflections pre-mature?
JH
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from c.s.y2k
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