Somewhere around 2010 they shut down the shuttle program, in essence discounting the most of the space program.
To most of us, it was a small thing. However, it was then that thousands discovered that they had no plan “B.” Many had families. The vast majority had bills, big bills. They likely had a little savings, not nearly enough. Many panicked. Many went down to the local hamburger place and found out that that plan “B” wouldn’t work. They weren’t hiring. Worse, the restaurants were making their money off the those that were were working for NASA. …And now, very few were working for NASA. And it was even worse. Had they got hired on and worked 60 hour weeks, they would not make the house payment. Just can’t do that on minimum wage.
It was something of a local depression. They all would have gladly sold apples but no one was buying apples. They would have gone into construction, but there were suddenly many vacancies. There was no need to build new homes. People were leaving by the thousands. It would have been a real good time to have a bunch of money to invest in real estate. The depression of land values was short. A person with a little spare change in his pocket had the chance to buy low and sell high.
Nonetheless, back to my point. It was those who had the good Plan “B” that did well. Unfortunately, there were not many. I mean, where does an aeronautic engineer go to find a job. They had one possible employer and there just weren’t many other places hiring.
I don’t know, but I would guess that most of those who had houses left. In many cases, they likely simply abandoned their homes, unable to sell them. I don’t know. It might have been one of those times it would have been better to rent. That way, it would be landlords who would be the losers when everyone started moving out.
I don’t have any idea what they all did, but I can guess it was whatever they could find, even if it was digging ditches. There is no telling how far they move from their former homes before they could find someone who would hire them.
It was worse than the catch 22. No one wanted to hire someone they knew would have to train, and then lose the instant someone starts building rockets again. It is the perfect example of being overqualified. So, suddenly, they wished they learned how to build houses, did plumbing or air conditioning in their spare time. At least then, they could go to an employer and say I already know how….
I was one of those who didn’t have a Plan “B,” though not part of the space program. I was making good money repairing computers. Then one day, I was called into the boss’s office in the late 1980’s. Need I say more.
In one day, the corporation of UNISYS decreased its employees by twenty percent. It was devastating not just to me, but to the rest of the20%. But I did see it coming. I hoped to avoid it, but hope just does not always work.
Oh, and by the way, my oldest son just started college. Wish I had had a plan “B.” They come in so handy when things suddenly happen, even when it isn’t so sudden.