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Job satisfaction increases during a bad economy. This is a mirage bosses must understand

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Navio Kwok, PhD, is a leadership adviser, specializing in organizational psychology, at leadership advisory firm Russell Reynolds Associates.

Canada’s economy and many businesses are hurting amid a trade war with the United States. And, according to a recent survey by the Bank of Canada, business and financial leaders believe there is about a 35 per cent chance Canada is either already in or will enter a technical recession in the next six months.

When the broader economy weakens, businesses pull back on spending while people naturally start to question whether their jobs are safe and feel more on edge as uncertainty creeps in. These sentiments of job insecurity wear people down – they become more strained, less connected to their workplace and more tempted to leave when the market recovers.

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Ethan Radcliffe
Ethan Radcliffe is a senior reporter and digital editor at The Toronto Insider, specializing in Canadian federal policy, GTA urban development, and national economic trends. With over a decade of experience in North American journalism, Ethan focuses on translating complex legislative and economic developments into clear, accessible reporting for Canadian readers. Ethan’s work emphasizes policy analysis, government accountability, and data-driven reporting, with a strong focus on how federal and provincial decisions impact communities across the Greater Toronto Area and beyond. He has covered infrastructure planning, housing policy, fiscal strategy, and regulatory changes affecting Canadian households and businesses. A graduate of Toronto Metropolitan University’s School of Journalism, Ethan brings expertise in investigative reporting, long-form analysis, editorial standards, and digital publishing best practices. His reporting is guided by verifiable sources, public records, and transparent sourcing. In addition to reporting, Ethan has experience in newsroom editing, fact-checking workflows, SEO-informed journalism, and audience analytics, ensuring stories meet both editorial integrity standards and modern digital discoverability requirements. Ethan is committed to objective, fact-driven journalism and adheres to established ethical guidelines, prioritizing accuracy, clarity, and public trust in all reporting.

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