NY Magazine writes: Yesterday the New York Times "Style" section caught up with some bakers and Pilates instructors and party planners who'd recently cast aside their white collars to take up these more creative trades. Was it everything these former professionals had hoped? Well, not exactly: Turns out "Plan B," as the Times calls it, can be just as stressful and time-consuming as corporate law or investment banking, and not nearly as remunerative. "Former white-collar workers are also surprised by the demands of manual labor," the paper tells us, straight-faced. “I feel like a janitor sometimes,” a former commercial bank analyst tells the reporter, who cuts him down one more peg, writing, "At least janitors have a steady paycheck."
So where might all these upwardly mobile people with disposable income and deferred dreams have gotten the idea that they should quit their jobs to start a creative business? They sure sound like New York Times readers: Since the economy took its 2008 downturn, the paper has run at least six articles chewing over the idea of former professionals pursuing a Plan B.
Two months after Lehman brothers filed for bankruptcy, there was "Former bankers turn to a creative plan B." This was a zigzag borne partly of real market forces. As one banker-turned-comic told the paper, "Things look so bad in finance that if you think the difference in salary multiple isn't as big as it used to be between doing what you are viscerally interested in versus a job that's just about money, it puts a whole different spin on it." Things were bad, sure, but not so bad that we couldn't idealize creative pursuits…
Find out more at http://nymag.com/daily/intel/2011/08/a_recent_history_of_the_econom.html
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