Predatory industry toward unemployed white collar workers

JEDI

Lifer
Sep 25, 2001
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LINK

From the author of the books "Nickel and Dimed" and "Bait And Switch: The Futile Pursuit Of The American Dream."

"I think there is an industry that is somewhat predatory toward the unemployed, especially the white-collar unemployed, who likely have somewhat more assets that than blue-collar unemployed. It's the career coaches and all kinds of other things.

Once you start posting your resume on places like Monster.com, all this stuff comes into your inbox saying "We're an executive search firm. We can help you!" Some of those places are going to want thousands of dollars, and they might give you a desk and phone service for a while, but it is more money than you have.

Career coaches want about $400 an hour to pump you up and help you perfect your resume and things like that. So, yeah, they're ready to pounce on you. I explored that world for my book Bait and Switch and currently advise people to think twice about how you spend any money that you have. This is probably not all that useful at all. Like the career coach who extensively analyzed my personality. They all want to analyze your personality. "



Never thought about it this way b4, but yeah it makes sense. you cant scheme much $ off laid off blue collar workers because they dont have $. you might make a few $ with paycheck advances, and sky high credit card interest rates, but it's like squeeze blood from stone.

Now for white collar workers who have been laid off, they have $. Avg for a worker with a bachelors is ~$50k. But they're also smarter. You gota come up w/something better.

Can you think of other Predatory stuff towards unemployed white collar workers?
 

mugs

Lifer
Apr 29, 2003
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Sounds like a good career opportunity for laid off white collar workers.
 

JEDI

Lifer
Sep 25, 2001
29,391
2,738
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Originally posted by: mugs
Sounds like a good career opportunity for laid off white collar workers.

for them to be in the predatory business???
 

dighn

Lifer
Aug 12, 2001
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what about predatory towards students? people like vector knives, primerica or whatever
 

Compton

Platinum Member
Feb 18, 2000
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Originally posted by: dighn
what about predatory towards students? people like vector knives, primerica or whatever

Primerica was the first thing that came to my mind when I read the OP.
 

Cuda1447

Lifer
Jul 26, 2002
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Originally posted by: Compton
Originally posted by: dighn
what about predatory towards students? people like vector knives, primerica or whatever

Primerica was the first thing that came to my mind when I read the OP.

elaborate please?
 

bennylong

Platinum Member
Apr 20, 2006
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I have received about 10 "Executive search" response since I posted my resume on Monster.com. I don't even bother picking up the phone anymore. I just check the voicemail and delete tat crap.
 

mugs

Lifer
Apr 29, 2003
48,920
46
91
Originally posted by: JEDI
Originally posted by: mugs
Sounds like a good career opportunity for laid off white collar workers.

for them to be in the predatory business???

Heck yeah, $400 an hour! ;)

Originally posted by: Cuda1447
Originally posted by: Compton
Originally posted by: dighn
what about predatory towards students? people like vector knives, primerica or whatever

Primerica was the first thing that came to my mind when I read the OP.

elaborate please?

Primerica is the redheaded stepchild of Citigroup. They're MLM meets the financial world. They prey on young, naive recent college grads. When I was graduating they found my resume on monster.com and invited me to one of their information meetings. I called them up and asked if they were hiring people for programming positions, they said yes. So I went to the meeting and the red flags were flying - be your own boss, own your own branch, recruit people under you and make money off them (while the guy above you makes money off you), you only have to pay $250 to get the required licenses, etc, etc. I was pretty pissed that I wasted my day driving down to Philadelphia for a huge waste of time. A waste of time for me that is, a lot of the other suckers seemed interested.

That's not to say you can't make a living from Primerica, some people do. But like all MLM schemes, those people are in the minority.

Here you go:
http://www.ripoffreport.com/reports/ripoff10157.htm