I am a realist. Not a pessimist or an optimist. Having said that, what we are experiencing right now is, most likely, just the tip of the iceberg.
As I read the hundreds of daily articles now being written about job search, versus one or two articles that were written in early 2008, there is no new magic bullet for job search. Same steps, same hard work. But add the following to the mix:
Thousands of people are more desperately competing for jobs
Employers are taking their sweet time in hiring, if they are hiring
These two mixed together have some negative outcomes, a decrease in salaries being offered. It is the law of supply and demand. And a longer time to find a new job. We can't change either.
This situation is not new either, it is just that the quantities of people experiencing this phenomenon are greater.
So, for job seekers who haven't already heard it:
Don't be greedy
Cast a wider net
Decrease your spending and re-adjust your budget
As all these unemployed workers become employed, they will be making less than they did before. Hopefully things will eventually turn around so they can leave that underpaid job and make more, but who knows when that will happen. They won't have money like they did before. They may have to take on second jobs. They will be frugal or worse, declare bankruptcy. This will put enormous stress on individuals and families.
This is a realist perspective.
Hannah Morgan speaks and writes about job search and career strategies. She founded CareerSherpa.net to educate professionals on how to maneuver through today’s job search process. Hannah was nominated as a LinkedIn Top Voice in Job Search and Careers and is a regular contributor to US News & World Report. She has been quoted by media outlets, including Forbes, USA Today, Money Magazine, Huffington Post, as well as many other publications. She is also author of The Infographic Resume and co-author of Social Networking for Business Success.