There had been plenty of grousing about the kinds of jobs the Walt Disney Company operated in its theme parks. But at least they were jobs. And in the resort towns those entertainment empires created the kinds of employment which are ideal for the over-50. That ranges from real estate agent to hotel front-desk clerk.
In short, real-life is manpower intensive. COVID-19 closed down much of Disney's real-life businesses. Since last March, Disneyland in Anheim, California has been shuttered.
So, it's expected, as The Wall Street Journal reports, the corporation is laying off 32,000 - with more job cuts due.
Disney's core competence has shifted from creating happiness in its theme parks to streaming. Probably never again will it require such massive manpower.
In myriad ways Disney is a microcosm of the long-term shifts in labor demand. It's become a management platitude that the service jobs chopped during COVID-19 aren't coming back. Some of them have been transformed into other kinds of work such as in fulfillment and delivery. It's in those slots older workers can land on their feet.
About the compensation. The grim number is out there. ProPublica documents that those over-50 who are laid off have only one chance in 10 to every earn what they had.
The solution? What has proved out are multiple sources of income. When one industry goes kaput, your ability to make ends meet doesn't. You just hustle for more hours at some of you other gigs.
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