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Where a Recession Will Hurt the Most

RICHARD FLORIDA and JAMES MILWAY
If a recession hits Canada, as many think is already the case, will its turbulence affect all of us in the same way? Not if past history is a guide.

The good news is that it’s likely that the continuing shift in our economy from traditional blue-collar, working-class jobs to creative and service jobs will dampen the effects of job losses – over all. But those in the working class will feel the pain much more.

Our economy is composed of four classes, defined by the kinds of work people do. The first is the working class, consisting of workers who use physical skills and carry out repetitive tasks (for example, tradespersons, mechanics, crane operators and assembly line workers). Next is the service class, where workers engage in relatively low-autonomy occupations providing services, for example, food-service workers, janitors and clerks. Then there are those in farming, forestry and fishing. Finally, there is the creative class – the growing number of workers who are paid to think. These include scientists and technologists, artists and entertainers, and managers and analysts.

Defining our economy by the work people do is different than the conventional way of defining it by industries. Somebody may be working in the automotive industry but is not necessarily working on the assembly line in a working-class occupation. Actually, about a third of employees… Read More!

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5 Responses to “Where a Recession Will Hurt the Most”

  1. Online says:

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  2. Olga says:

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  3. Psychodad says:

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  4. michael says:

    the economic recession made a lot of workers jobless. my best friend and me lost our jobs because of job cuts. i hope that our economy would recover soon

  5. Matias says:

    I think the recession will throughout the economy, creative and services jobs feed off manufacturing. Just look at what is happening to advertising. In many countries the pain is being delayed because the government is spending the private sector has stopped.