Job Shifts During a Depression
One of the methods to deal with with depression is thinking about a career shift. Not too many people like the idea of changing careers during a downturn. However, if you have already felt the consequence of slump – say you’ve been laid off already, why not give a different job path a chance, right? It might not have crossed your mind to prioritize career security when selecting a job. However, whether you are selecting your first job or making a switch, it can be helpful to do so now, especially during our present economic situation. However, no career is 100% secure, although there are some industries that have workers feeling so confident that even if they get the sack, the need for such an employee is so great that finding another job would be very easy.
So how do you choose a career that’s right for you during a slump? Here are some recession-proof jobs that are worthy of your deliberation:
There is a great dearth of teachers. No matter how low the economy is, teachers will always be in-need. Children will continue going to school. Also, lots of unemployed adults may resolve to broaden their education. Although education is not one of the highest-paid jobs there is, making only about $ 40,000 to $ 50,000 a year, individuals will still settle for a job that does not earn more because they are tired of being out of work for a long time. This is particularly true for those who may desire to try something new anyway or those who hate the roller-coaster ride that a corporate life offers.
Career hunters with an Information Technology background are said to be a good match for the healthcare industry – especially nursing. This is because nursing is an information-driven career. It is also a useful job during a recession because healthcare is an industry that does not usually become affected during these times.
Auditors are also often unaffected by slumps. In a depression, individuals and firms are more probably doing their best to get more reductions. More people are checking their books, so the demand for auditors or accountants is much larger.
Energy and Utilities
Energy consumers may cut back, but their consumption will not stop. The same with utilities, people will still light their homes. So, jobs like maintenance and utility administration prove to be more stable than others during a depression.
As long as physicians prescribe drugs, people are going to take them. This means that if you are working as a pharmacist or as a quality assurance analyst in a pharmaceutical laboratory, you are in good hands.
Since the military is always hiring, especially during times of war, during a slump soldiers will not be that affected. Serving in the armed forces also means that most of your living expenses will be paid.
A recession does not end crime. With the increase in redundancies, more people are considering robbing banks and committing other crimes. So, the need for security employees becomes greater.
The handy truth is that the eco-friendly tendency is not going anywhere. This means that choosing a job in environment-care-related industries can be a great job choice.
Working for the government could be one of your best options during this slump. This is because many stable jobs can be found in the federal government. The administration will not cease to operate even during a calamity.
With that diversity of job choices, it might not be that difficult to find one that will save you from this economic predicament.