The Globe and Mail:
Traditional and social media scream bad economic news almost every day: The dollar is falling, oil prices have plummeted, the stock market is tumbling and Canada may now be in a recession. At the same time, uncertainty has increased, and no one can predict when oil will return to its former levels – indeed, whether it ever will. Few Canadians believe the economy will improve in the next 12 months.
As unsettling and harmful as all this is, it is nothing new. Most countries have seen darker economic times. But something has changed. In the past, the attention now accorded to bad economic news included equal attention to the numbers of people being unemployed, telling their personal stories and putting a face to their plight.
But what of the personal effects of working during a recession? Is it enough to drive people to drink? The analysis of Michael Frone – a senior research scientist in social/organizational psychology at the University of Buffalo – of more than 2,500 working managers in the United States begins to provide an answer.
Read the whole story: The Globe and MailMore of our Members in the Media >