For months we’ve been talking with those unfortunate IT professionals that have been affected by the economic downturn through RIF, layoffs, outsourcing, etc. about being flexible in their search. Flexible in the type of work they’ll do, their commuting distance, the salary they’ll accept…and finally we told them to be flexible in where they live and that while selling a house may be daunting there career livelihood may depend on it. However, after hearing Paul Krugman
speak last week I have a new appreciation to understanding why it’s both good for the candidate, but also good for the broader US economy as well.
As the Q& A session was about to come to an end Krugman answered a question about the pros and con’s of a single global currency. Now I won’t bore you with all the details, but in discussing the con’s he equated Spain with Florida (as they both had their real estate bubble’s burst) and that Spain will have many years of deflation
due in part to a single EU currency, their inability to devalue their currency and other social, cultural and language barriers preventing them from moving to other EU countries while Floridians can simply pick up and move to areas of the US with more job opportunities and growth.
So if you find yourself unemployed (or underemployed) do what’s good for you and your country and move.