Employment RelativityOctober 22, 2012 Posted by: Joe Morgan, CFA
Vacation, all I ever wanted
Vacation, had to get away
For those of you who never really get away from it all, I highlyrecommend a vacation. Not spending a few days off to catch uparound the house and not taking a quick trip to the beach. I'mtalking about a full-fledged separation from the work life, a breakfrom the daily grind.
I spent last week in Cabo San Lucas, Mexico at a resort that sitson a cliff with direct beach access, acceptable food and terrificservice. It was a great place to gather my thoughts about theeconomy, career, family, and in general, perform a 27-pointinspection of my life after many months of working long days,work-related travel and overall stress about the economy.
Given what we've all been through the last couple years and the dimprospects for significant recovery any time soon, the economy tookprecedence in my thoughts this year. (I'm happy that I havesomething more significant to contemplate than my 40th birthdaytoday!).
It kicked off as we checked into the hotel and loaded up on theToro-built modified golf cart that would take us to our room (nohiking up and down this cliff!). Our driver - let's call him Oscar- was a very happy, chatty fellow who quickly let it slip that hehad only been working at the resort for six months. Previously, hehad worked at a Chrysler plant outside Mexico City where he losthis job when it was shut down.
Obviously an energetic, personable young man, he pursued employmentwith little regard for location or career development; his onlyimmediate goal being to feed and support his budding family. Now,working six to seven days a week, usually ten hours a day, he chatsit up mostly with American tourists, smiling from ear-to-ear.
His family did not come with him, but out of his few hundreddollars per month salary (plus tips), he is able to send themenough money to help pay the bills. In the meantime, he hopes forsomething better, trying his best to put himself in the rightplaces at the right times for the next big opportunity.
Thinking about young Americans today and, I admit, generalizinggreatly, I wonder...Read More