Surviving an Economic Crisis with your Self Intact
Friday, June 5th, 2009The unemployment rate has reached its highest levels in recent memory. Major U.S. and international companies are restructuring, laying off employees, or just going bankrupt. Food prices are up, oil prices continue their slow rise after Obama’s election, and the economy is giving itself a chunky swirlie.
More importantly, my favorite el-cheapo movie theatre has permanently closed it doors. Oh, and that global warming, starvation, and pestilence thing continues unabated.
Something is happening here. But you don’t know what it is. Do you, Mister Jones? If you have been addicted to ever increasing levels of external, material gratification as part of your self-definition, ya surely gotta be jonesing by now. Or freaking out. Probably both.
Last year, about 2.5 million Americans lost their jobs. We could have another 2 to 3 million jobs evanesce in 2009. For many people, losing their job results not only in a loss of income but also self-respect, even their raison d’etre. Despondency, despair, a feeling of victimization, shame, melancholia, terror and anger may quickly follow. Thirty percent of those who have not lost their jobs report “burn out” syndrome due to corporate downsizing. Not that the CEO’s salary has been downsized, I mean the number of employees has.
Trying to do more with less, these companies lay off employees and pile the extra work on their remaining serfs. A study published by the Institute of Behavioral Science with a grant from the National Institutes of Health* shows that these retained employees are prone to greater job demands that may contribute to alcohol and drug abuse, depression, and work related injuries. In addition, the study found that layoff survivors often experience worsening physical health: They tend to eat poorly, smoke more, suffer from neck and back pain, and increase their use of sick days.
“None of the effects are good,” says psychologist Frank Landy, author of Work in the 21st Century. “Layoffs clearly have emotional and practical consequences for companies and workers.” Those psychological consequences can be long-term, lasting six years, according to the study published by the Institute of Behavioral Science. In addition, the effects of surviving multiple layoffs tend to be cumulative. They add up over time.
“It only takes one action of distrust to lose basic confidence in the employer…Once the trust has been undermined, it’s very, very difficult to recover,” says Landy. “There’s no data that suggests workers become more resilient. ‘I’m a survivor, hear me shout’? It doesn’t happen.” Whip a dog long enough and it stays hangdog whipped. © 2009 Keith E. Hall & www.inner-tranquility.com. All rights reserved. Contact us for reprint information.
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*Moore, Grunberg, et al. Physical and Mental Health Effects of Surviving Layoffs: A Longitudinal Examination Institute of Behavioral Science, November, 2003
