I’ll be starting a job soon as a personal trainer. Personal training is a very marginal service for most people, so it seems that when people have to tighten their belts for the coming recession (aka correction) this won’t exactly be condusive to my job prospects. I’m a little worried to say the least.
Thoughts?
adjust your wages downwards when it happens? or cut your hours, and get a 2nd job with those
or look at the job market at the time, and find the best fit for your skills that offers higher wages going?
I would think that your concerns apply more generally to the service sector. So look at the bright side: you’ll have a lot of company.
It’s the “long capital” goods sectors that get hit hard in a recession. Raw services will be mostly unaffected, unless you have a lot of clients from those sectors. Starbucks barristas can rest easy, unless their Starbucks is on Wall Street.