Have you lost your home, your business or your job. How are you coping?
I'm fortunate that my real work is recession-proof.
Most of what I translate relates to trials of new medicines. These products have been in the development pipeline for many years, with millions invested. The trials themselves can last for several years and the data from them is essential to get the products registered so they can be marketed and started providing returns on the investment.
In addition, the market for medicinal products is probably one of the last to be affected by changes in the economy.
No pharmaceutical company is going to stop setting up clinical trials because of the recession. Also, they have to keep discovering and developing new products, because patents on medicinal products only last a maximum of 15 years, after which anyone can produce generic copies.
I work through translation agencies. A few have tried to force me to give discounts because of "the economy". I refuse point blank because even if they ditch me, there are plenty of others to take their place. It amuses me highly when I stop getting work from one agency because of my policy, and a couple of weeks later am approached by another agency to work for them on the same project I used to do with the previous agency!
As a result, I have not seen any difference whatsoever.
I just tend to worry more but things seems to stay the same.
I do locum jobs and a bit Lucky still.
Only thing lost at the moment is peace of mind.
by Liam Hallam5 years ago
It's my first Christmas on hubpagesShould I expect a potential traffic downturn?CF
by Lgali8 years ago
I think may be 6 more month
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