economy, job security, and life choices


The economy does not look good where I am and there are talks about cuts coming quite soon so that our province can start paying our huge debt down. Of course as one of the government-backed institutions, my workplace is at risk too and things, to tell you the truth, do not look good for us, my colleagues, or my institution.

When there is little money/resources, the demand is higher. And money is so essential for everyone that it just makes the cuts and the fierce demands to relocate the cuts from one place to other, escalating quite fast. I was looking at the news and looks like my institution in so many ways seems like the one that will get some cuts. The end results will not be nice.

The fact that we are working in a small place and trying to reach and deliver a national or worldwide standard in our workplace does not come easy. We are often understaffed, our resources are limited, and these mean there is quite a pressure to overwork to get to the expected results/deliverables. Our salaries are also less than our peers in many other provinces. But when you look at the numbers and compare our salaries with other workers in the province, many people think that we are over-paid and that is unfair. As a result, many people now demand for cuts.

I do not blame people for wanting to cut unnecessary expenses (which I believe should BE done), but I really do not understand why it is the salaries (unless unjustifiably high) that gets the most reaction. I am making a decent salary but have been working very hard to do what I am doing. I know when compared to other institutions, our salary and benefits are not as good. Yet, here I am trying to make the best out of my capabilities, skills, and the limited resources I have access to. I try hard and I work hard. But then many people do these, too….

Honestly, I am scared of the cuts and the future of the economy. I am scared of having less and less in the future while the demand and pressure for work increases. I am scared that they will start laying off people, who were hard to get here at the first place. I am scared that the quality of work done will reduce substantially. But I am not that scared if they lay me off with a big fat cheque or severance pay (lets say a net pay of my 10 years of salary or something. Right – I am dreaming). As a matter of fact, if my institution agrees to give me a nice sum of money and possibly a small pension plan at my retirement age, I thought for a minute that I would be the first one to volunteer for it.

Why?

I am already fed up with the lack of opportunities and excitement here, presence of discriminatory behavior, and naturally I am longing for a better life. I am not sure whether I can make it better in my next city/work place, but honestly that could be an opportunity to have a new, better life nevertheless. I so far remained because of the job stability I have had and the pleasure I got out of my job. Overall, things have been fine, not great, but fine.

I do not wish hardship for anyone with their life, especially with their finances. It is not my fault that the economy is unstable and all of a sudden my province accumulated a lot of debt. It is also not my fault that I have not completely loved where I am. but if there will be a hardship on me because of the budget cuts and increased pressure, I would rather see it as an opportunity if I can also get something nice out of it, like a financial compensation. Without the compensation, though, it would significantly derail my life, especially financially.

So I better be careful with what I wish for. I would and do prefer financial and job security over excitement in the future. Just like what I have done so far in the last 6-7 years. So, I wish the cuts will not lead to lay offs and significant cuts in our salaries and benefits. I wish we all can pull this off somehow. I wish a better judgment could be made as what was unnecessary or necessary and the budget cuts could be placed fairly and appropriately. I wish nobody would lose their ability to put a shelter over their head, meal on their tables, food in their stomach, and most importantly their hope for their lives and future.

I had not realized how important the economy was until today.

 

5 thoughts on “economy, job security, and life choices

Add yours

    1. I do not expect this to happen, at least for some time, but the future forecast is really gray. I just thought about the possibility and it made me feel this way today (hope I can have a similar cool attitude should lay offs hit me…). I just wished this kind of anxieties were not a part of our lives but I guess in this economic climate, this is rather a naive wish. I have been laid off twice in the past and I do not wish to have that feeling again, yet who knows?

      Liked by 1 person

  1. I think you have thought about it the right way. It would be better to not get laid off but If you do, it might be a great opportunity to find a job you love. In the meantime, I would continue sticking to your budget and saving up as much money as you can, just in case!

    Liked by 1 person

    1. you got it right 🙂 and yes, I am keeping up with my budget and I am excited about how well it has been going so well. Long live the financial challenges and fear of future that helped me to have a serious look at my spending and implement my budget. It has been a blessing 🙂

      Liked by 1 person

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