The World has changed

The world seems much different than it was even three years ago. Here are a few observations that I have seen:

Bank and financial services are continuing to be in trouble. A recent Financial Times newspaper suggested that 1,000 U.S. banks might fail within the next year. A few years ago, bankers were making huge salaries and bonuses. Businesses with poor credit could get money. Financing houses, cars, and new ventures was easy. Today, credit is tight. Even well qualified borrowers are finding borrowing to be painful or less readily available.

U.S. government debt used to be fairly manageable. Today, it looks out of control. When I was growing up, the word “millions” was beyond my comprehension. Then we went to “billions.” Today, the word “trillions” is tossed around as no big deal. The impact will continue to heavily hamper the economy, the value of the dollar, employment, business capital, and many other risks.

I could go on all day but I do not believe the world has stopped changing. I suspect that not only will it not go back to the way I remember it, but that change will continue. With change comes opportunity – but only to those who are willing to change with it.

What do you think? Is the world getting better for business, career growth, and employment?  If so, how and why do you see it happening?