While the news of the increased unemployment isn’t the best for the US (and the world), let’s keep it in perspective and find the “silver lining” in it, albeit it in the future, as there is none at the present moment. As we quoted in Chaotics, “It isn’t that they can’t see the solution. It’s that they can’t see the problem.” Seeing the problem will take a bit more time, so don’t be surprised if unemployment in the US tops 10 percent by the end of 2009 and stays there into 1Q10.
More and more companies will eventually begin to realize that what we’re experiencing is not merely a deep, prolonged recession, but rather a wholesale restructuring of the economy—and moreover, that we’ve entered The Age of Turbulence—which will require new business platforms—Chaotics Platforms—to handle turbulence and minimize or prevent chaos. Once business and government leaders begin to understand what they must do, I’m confident that the unemployment figures will begin to reverse direction.
Also, once transitional unemployment begins to settle down sometime next year—to somewhere around or just above 8 percent, that the US, and the world, economies will be on firmer footing. While the idea of a floor of 8 percent unemployment may be troubling to many, let’s focus on the 92 percent that will be employed on a more solid footing, and be better able to hold up the US economy during turbulence — and even heightened turbulence.