I don’t know how to react to this bit of knowledge which has been gnawing at my mind for the last few days. Finding no way out I have decided to share it with you dear reader. Well the thing is that though the effects of recession has been bad everywhere, thankfully our translation industry has not been hit that badly. It’s quite surprising, but a sizeable number of translation jobs have been generated due to the recession!
Yes its true, with the recession continuing to take its toll, increasing numbers of non-English speaking immigrants are losing their homes to foreclosure listings. Now a lot of these homeowners are not fluent in the English language, which has spurred mortgage banks to hire the services of translation agencies in order to keep the channels of communication clear. Even people facing foreclosure have hired the services of professional translators who would help them translate their grievances, appeals and complaints for the official authorities. This has led to a substantial rise in profits for quite a few translation companies even during the recession. If you find that surprising, think about this – about one in every 5 citizens of the country speaks in a language other than English.
However, since professional translators are human beings first, there has been a growing problem of emotional stress among those who are working in foreclosure listings translations. This is because of the continuous exposure to the misfortunes of fellow citizens, many of who are from their native countries.
Let’s hope that this unfortunate situation ends quickly, and the language translation industry continues to rise and grow along with every other industry.
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One Comment
Amen to that… its crazy times… but like you we are realy busy at the moment. I’m hoping the whole thing is over as quickly as it started - notes in the FT today about recovery…
I did write a similar blog post a couple of weeks ago, along the lines of - visitors to the UK have more money to spend than last year as the £ is very weak at the moment. Its here if you fancy a look > http://www.bloglingua.com/sell-to-foreign-visitors/