The Impact Of The Great Recession

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The Great Recession was a phase of limited economic activity, many organizations collapsed during that period. The Great recession was a result of the bursting of the housing bubble. Workers felt vulnerable at their jobs because layoffs were occurring for many companies. Also, the educational system costs a lot, and houses lost their value (Nelson & Quick, 2015). Therefore, the anxiety of workers was increasing overly. The security of having a job is a fundamental need for people, and these people never knew if they were going to be the next one fired. Running a business was even tough and harder for managers. In order to reduce the impacts of the recession, companies had to start layoffs, which led to extra work for the employees who remained

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