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People in the boom 80 percent were exactly the opposite. They seldom read a book, took a course or made any effort to upgrade their skills. They spent their spare time in activities that were tension relieving rather than goal achieving. As a result, they fell further and further behind, usually unknowingly.
When they finally lost their jobs, they found that their skill sets, largely based on experience, were of minimal value to current employers. And because continuous learning and new skill development were not part of their worldview, they simply went home and watched television. As a result, they often found themselves unemployed for months and even years.
Many people today, at all income levels and in all career categories are unaware of this pressing need to continually upgrade their skills. If you are not getting better, you are getting worse.