Current Global Recession - Boon or Bane

11 posts · originally from https://geek.digit.in/community/threads/current-global-recession-boon-or-bane.118442/

Please share your opinion about its advantages and disadvantages.

I am more interested in its advantages or positive things about recessions.

For example i had learned that during recession activity on Social networking sites and especially in Matrimonial sites increases because two salary packets are always better than 1.

Any comments will go long way in helping me.

During recession people are laid off

During reccession Real Madrid had the money to splurge on players like Ronaldo & Kaka

My observation: during recession, grey hair in IT people increased very significantly.

Boon. During IT boom, it was very hard to get a seat in computer science engineering. Luckily, this time due to lack of demand I got a seat for Computer Science Engineering in a good college

MetalheadGautham said:
Boon. During IT boom, it was very hard to get a seat in computer science engineering. Luckily, this time due to lack of demand I got a seat for Computer Science Engineering in a good college

Which College? Just Curious.

thul said:
During recession people are laid off

lolz now that they have no jobs and hence have free time,,, it also helps them getting laid !!!! REALLY

David Boon

High speed is always risky and the speed breakers are for your safety!

Boon for:

1) students pursuing higher studies. Reason: by the time they finish Masters, market will be in full boom
2) Employees getting not-so-high pay. Reason: with everyone doing cost cutting, companies will be looking for employees who doesn't ask for sky high wages

Bane for:

1) benchwarmers and employees without dedication
2) employees with high pay
3) Those who just finished masters

Liverpool_fan said:
Which College? Just Curious.

Nothing great really. Amrita University Bangalore.