One other lesson for employees is to have a little more faith in your own abilities. I worked in flexible resourcing and was fed a near constant diet of comments from my manager about how tough a business environment it was, how there was no work, clients were slicing margins and how I should be grateful for a job and not ask for a pay rise.
My client took me on as a contractor the day after I was made redundant via a conference call. They paid me the same day rate as they had been paying 2e2, which was a significant payrise even after allowing for the additional costs and the loss of pension and paid holiday etc.
I appreciate that not everyone landed on their feet but most of those colleagues that I have kept in touch with are now better off financially.