The lion's share of those good jobs on Wall Street aren't coming back [Anita Raghavan, FORBES, October 27, 2008].
The same is true for many of those equally good paying jobs in public relations on Park Avenue that are disappearing as digital communications pros and management consultants eat their lunch.
As for those seven-figure gigs in Greenwich, Connecticut, some of those who held them might have to hustle for any kind of work after they leave prison.
And on K Street, Lobbying Central, in Washington D.C., a Democratic Administration will inflict massive job loss with perhaps no where to go - or to hide Inside or Outside the Beltway.
But even before the current meltdown, everything was changing. Post-meltdown, post-grassroots outrage, the change was completed.
Those shifts had been put put in play way back in the late 1990s by digital technology. Thanks to the Internet, how we do business became decentralized. Influence and power became unbundled from wealth. Oddball Matt Drudge in a studio apartment could get a president impeached. And talent in manipulating search engines could trump traditional brandnames.
Now those shifts are the new way of doing business, presenting ourselves in business and putting together a comeback in business. All that is very different from how success used to be gotten.
From my coaching displaced executives, I've learned this. Those who can and will bounce back, perhaps stronger than before, are the men and women willing to cut their losses, find out what of their experience/skills are marketable out there, and get really shrewd about selling them.
Here is an e-book I wrote this year about staying employed in the 21st century, one day at a time. Yes, you can download it free Download savingsoulsonparkavenuekstreet.pdf.
Before you tackle that, though, you might want to boost your emotional IQ. This isn't new. It was always the C students who got to be the bosses of the A students. That's because when the A students were booking it, the C students were enhancing their knowledge of people, running for class president, and collecting favors on campus. Here is another e-book I published this year. Communications clients and executives I've coached requested this primer. Please download it free Download CUsersjasneDocumentsjg.pdf.