There is a recession and some of us are feeling the hard times. I look around the blogosphere and see friend and even former acquaintances falling on hard times. Some of us were lulled by the years of non stop growth into thinking the business cycle no longer exists.
The business cycle exists and is a real problem in down times. The times may be tough but they are followed by longer up cycles.
Some of us fall into the trap of blaming a scapegoat for issues larger than ourselves. The IT industry is an example of the new workplace. IT people work on contracts across borders and change companies with great frequency.
I want to wish all those experiencing rough times my sincerest best wishes.