Job had a pretty bad run of luck: boils, the death of his wife, and more importantly, his sheep. I am tempted to feel sometimes that my job search is plagued by Job-like pestilence: few call backs, a lack of experience, two cars, neither of which is reliable, and even a little religious discrimination thrown in for good measure. But alas, Job’s fortune turned around, and so will mine…eventually.
But the job market is a reliable indicator of the need for labor in the larger market. It tells consumers and investors alike what areas are in need (higher wages, less wait time to get a job) and what area are saturated (lower wages, more wait time, greater selectivity). It could be worse. I could be fighting an economy like Germany’s that just introduced mandatory minimum wages, or like some other countries that track you into your job, have industry quotas, and all the rest. I may not like having to scrounge for a while, but scrounging remains preferable to bureaucratically controlled placement. So while I am apt to complain that I have not been hired in record time and at a record starting wage, in the bigger picture I am not so upset.