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National Debt now over $60,000 per citizen. 😱
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Additional Posts in Over 40 in Advertising
Hi to everyone from the GenX thread!
Ageism laid bare. This is the sad reality of the business. Agency leaders who linger into their 60s, who have completely dismissed the value of their contemporaries to keep themselves afloat. Shame on you Mark Read.
https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/avidan/2020/09/08/ageism-is-not-just-a-disease--it-is-the-new-business-model-for-top-ad-agencies/amp/
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It will be the year agencies started trimming their office space and really letting people start working remotely (saving more money while doing it). Although, with less people as they cut a ton and didn’t bring them back when the worked picked up so they could make more in profit, using less people.
Their hourly wage is more @SVP1. But the company doesn’t have to pay for insurance and other benefits. So would be interesting to see a breakdown when everything is added in
It will be a major pivot point; the year everything changed. How? In what ways? And whether for better or worse, we won’t know until 2040.
Bowl Leader
In short, same as it ever was?
😀 Yup!
Bowl Leader
No guesses? No fun.
I think we will see changes similar to after the dot.com bust, the housing bubble, recession etc. And each major shift creates disruption. (Does anyone remember all the stock options that lured us to digital shops before the dot com bust?? ) I believe we will see more “work from anywhere” - which we have had to do when traveling all the time anyway, but now will apply to the junior staff and office-based folks too. I think it means we can hire for talent without regard for location. I’ve led a global team for a year and a half and while it takes time, we got it down to a science now for sure. I think we will see holding companies share resources more broadly to allow for the ebb and flow of work (e.g. Publicis Marcel). And I also think we will see continued massive disruption in the retail landscape. A lot of companies won’t exist anymore after 2020. We will see these things as the hallmarks of the change brought in by 2020.
Rising Star
Hindsight is 2020 ...sorry