During the first few months of 2020, what started as something simple has now become a ravaging epidemic to which few are immune.
From executives and middle managers to administration employees and blue-collar workers, from bankers to retail clerks, all are at risk. Even the healthcare industry, until recently considered a job-safe zone, is trimming away significant chunks of its workforce.
A steady fear and panic in the headlines, boardrooms, and kitchen tables across Uganda 🇺🇬 as it’s just one piece of bad news after another.
Of course, you already know this. But here’s what you may not know: None of this is really news. SURE, it took a major economic crisis for people to start waking up to the fact that their livelihoods were at risk. But your income didn’t become at risk overnight – – it was always at risk.
Most of the Ugandan population has been living for years on the knife-edge precipice between solvency and ruin, relying on the next paycheck or two to meet each month’s expenses, typically with only a very thin cushion of cash savings–or more often, no cushion at all. That paycheck is called ” Trading your time for money, “ and during recession, it’s the least reliable source of income there is. Why? Because when the number of employed people starts dropping, there’s less disposable income in circulation to pay for your time.
I’ve been saying this since 2012, There’s no longer such a thing as a safe and secure job. Corporate jobs are a 20th century dinosaur, trembling on the edge of extinction, and the only way for you to have a genuinely secure future is for you to take control of that future. (don’t let anyone else do it for you).
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