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Recession? - What Recession?

Posted: Monday, September 7, 2009
At : 5:01 PM

UCLA's Institute for Research on Labor and Employment (IRLE) reported that at least one organization has seen unusual growth - Unions.


From July 2008 to June 2009, substantial changes occurred in Union growth nationwide, with 24,904 new members in the Southland and 131,206 in California.

Unions actually increased their membership by 14% of the workforce over the past 2 years


Interestingly, in California, male union membership increased 4 times as fast as female membership.


This, of course, is unusual, because historically, during an economic downturn, unions get clobbered, said IRLE director Chris Tilly. Instead, in one of the most severe economic downturn we are seeing an increase in union membership.


One great attraction of unionism to workers is that in the USA, the average hourly earnings are about $4 more for union workers than non-union workers.

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posted by Creativity at 5:01 PM | Permalink |

Creativity & Innovation in a Recession

Posted: Monday, August 31, 2009
At : 11:04 AM

Business owners and executives should focus on those consumer needs which arise during a downturn in the economy.
Determine the non-basic necessities that consumers still want and use creativity to provide a competitive substitute.
One important task is to clarify how you distinguish your product or service from the competition’s.

This is the time to work harder on offering superior value relative to your competitors.

For example, in past recessions, as sales of new cars dropped, Auto Repair businesses prospered.

Similarly, when airline travel fell, Southwest and Ryanair both grew their businesses during a recession.

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posted by Creativity at 11:04 AM | Permalink |
 
 
   
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