WSJ’s: The Curse of the Class of 2009
Economic research shows that the consequences of graduating in a downturn are long-lasting. They include lower earnings, a slower climb up the occupational ladder and a widening gap between the least- and most-successful grads.
In short, luck matters. The damage can linger up to 15 years, says Lisa Kahn, a Yale School of Management economist. She used the National Longitudinal Survey of Youth, a government data base, to track wages of white men who graduated before, during and after the deep 1980s recession.
Ouch. As Class of 2010, this news stings as well. I imagine that this year’s on campus recruiting class will go ape-shit to land the dwindling number of sexy consulting and finance jobs and internships.
That being said, I’m worried about how this would affect the academic decisions of those in the younger years of college. Does this mean fewer Classics concentrators and more Economics concentrators? Does this mean that the pre-business clubs and organizations will see an influx of weary-eyed freshmen already plotting their post-graduation job courses?
I hope that freshmen will remain freshmen, but that might be too much to hope for. Any thoughts?
Commentary: Netflix on Freedom & Responsibility Culture
Tags: business, career, Commentary, culture, economics, jobs, leadership, management, success
Netflix takes its corporate culture seriously. Probably the first and only time I would recommend or read a presentation deck of 128 slides. It features FASCINATING insights about its business strategy and culture of work.
I’ve worked for a number of different companies — big, small, new — each has its own set of characteristics. Netflix, thus far, has an extremely unique point of view. The level of transparency is severely refreshing.
Quick kudos to one of my favorite blogs: TechCrunch.
What do you think? How does Netflix compare to companies you’ve worked for or worked with?
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