I thought I'd start a thread regarding the current economic situation. Most of my friends on ES are fellow engineers, most between their mid 20s and mid 40s. I'm here to ask how busy you are in your industry. Are you experiencing any slow down in your work load? Is your employer looking to hire/add to their work force, or are they waiting to "see what happens" with the economy next year? What does the economy look like in your area (metro, state or otherwise)?
I work in middle TN and I'm in the MEP construction industry. We're still quite busy, but not as "overwhelmed" as we've been in the past few months. My work load has started to slow down, but my employer says we have future projects coming down the line. Two of our employees have reduced their hours (one due to health, the other who is slowly retiring) and a third employee is resigning at the end of this month to spend more time with her kids (she has 3 and homeschools them).
Outside work, we're experiencing what everyone else seems to be experiencing: The price of groceries and eating out has really gone up. Prices everywhere seem to have gone up. My wife will visit 2-3 grocery stores because she refuses to pay $3.99 for a dozen eggs when she can get them for $2.00 somewhere else. The price of our favorite pizza went up from $22 to $30, which was enough to make us stop getting it and making our own. Our spending habits have changed slightly, but we have always been frugal so we were wondering if it was the same everywhere else.
The price of gas where we live is currently $3.70 (87 octane).
TALENT is a six letter word that starts with "T" and doesn't mean shit!
Post by ChebyshevII PE PMP on Aug 9, 2022 11:49:52 GMT -5
My industry is experiencing lead times on all of our standard parts like nobody's business, so a lot of our projects are held up. Fortunately I have some projects which are labor only, so that keeps my busy for now.
Gas is currently sitting around $4.50/gal in my area at the moment, it was >$5.00 for a bit there, but it's been slowly dropping. Food prices have definitely gone way up, although they haven't hurt us *too* bad at this point. Feeding 104 kids isn't easy.