Friday, May 22, 2009

What TALENTED people do in recessesion

Dubai's unemployed head for the beach

I always wondered how a small country with limited land, pend up demand for housing, sound foundamentals, over reliance on real estate and finacnial industry, majority of work force in non-jobs (PR, marketing, EA, motivators, advertising or just plain rich people) will cope with the downturn. So I am keep an eye on Dubai.

Posted by peter_2008 @ 12:43 PM (1003 views)
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2 thoughts on “What TALENTED people do in recessesion

  • It’s also a country which was previously able to fall back on its oil reserves; but these are now running out. Also the country has a handy supply of cheap immigrant labour.

    We’re talking about Dubai of course, not the UK…..

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  • As long of none of them try to default on their debts, or get frisky on the beach, they should avoid the long of the islamic nation’s capital punishment laws.

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