Recessions Test Social Capital

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I had coffee this morning with a friend who is looking for work.  (He’s a great guy…10 years at Amazon.com…if you’re looking for someone, let me know!)

As we talked, we came to the subject of “job listings” which are so impersonal.  For a professional, they feel like a pretty bogus way of getting a job.  Or, at least, uncertain and unreliable.

Of course, my thought was that it’s all about who you know…networking.  Essentially, my view is that personal relationships are what will lead to the next opportunity.

After coffee, I came into the office, was reading the paper, and came across David Brooks’ most recent column that addresses the impacts of the recession on people:

Recessions test social capital. If social bonds are strong, nations can be surprisingly resilient. If they are weak, things are terrible. The U.S. endured the Great Depression reasonably well because family bonds and social trust were high. Russia, on the other hand, was decimated by the post-Soviet economic turmoil because social trust was nonexistent.

Brooks illustrates my point in a macro-way, and both of us are simply expressing the point Lisa made when she said people and relationships keep you safe.

Finally, Brooks writes about the impact that social media has on the situation:

Facebook is great, but social networking sites do not by themselves create support networks when jobs disappear and poverty looms.

and notice the exact words he uses: “support networks”.  A “support network” is something different than a “social network”.  The support network is what we’re really talking about here.

Written by scottporad

February 16th, 2010 at 10:25 am

Posted in Happiness,Success

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  1. [...] including, but not limited to, social, networking, organizational and educational. (If you read yesterday’s post about personal connections, Seattle Tech Calendar is a great resource for getting out into the community to meet other [...]

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