Jobs are the new assets (according to Time Magazine)
Time has its annual special issue on the 10 Ideas Changing the World Right Now.
Jobs are the new assets is #1. "Your portfolio is down 50%, your mortgage is worth more than your house and your savings account is barely visible. The job, meanwhile, is making a roaring comeback. We're rediscovering the job as the most valuable asset a person can have," writes Barbara Kiviat.
We'll start looking at our jobs differently now that it's our sole financial lifeline. "When you've got only one chip left, you're much less willing to put it on the table. A predictable salary is more appealing than the chance of scoring big with bonuses and stock options. And instead of spending thousands to build a new deck, you're more likely to use that money to take a class."
Another sign that jobs are the new assets. What Colour is Your Parachute is back on the bestseller list.