Grown Up Thinking

I’m always interested in how language is influenced by changes in culture and technology. Trend Central recently published a good, albeit slightly flawed (etymology of pwn is way wrong, real one found here… thanks Matt) list of new slang for 2009.  As this list indicates, two themes are really making an impact on the words we use: the recession & digital media.

It will be interesting to see how the economic downturn continues to shape the ways we communicate and the language we use.  ”Recession menus” are popping up all over New York City, and some are under very dubious disguises.  

One thing is clear: whether we’re talking about relationships or macroeconomic instability, the proliferation of micromessaging tools and platforms will continue to augment language and change standards of acceptability.  I’m still not sure I want to use “do not want!” in my business emails yet, but given what we’re seeing I can’t imagine it will be long before such obscure terms and expressions gain mainstream use.

Every recession in recent American history has consistently shown ad budgets decline. We’re already seeing evidence of this in the current economic downturn. However, history also shows us that when the economy goes south, those who maintain their budgets or even increase them have far greater results compared to spending levels when the economy is doing well. The lesson here is, when competitors are decreasing ad budgets, pounce.

In the last advertising slowdown, companies like Netflix, Expedia, and Zappos managed to grow over $100 million in revenue by taking advantage of cheap media. The current recession, however, is not only going to lower the cost of media, it will also lower consumer confidence. People will be saving more and buying less so companies will have to step up their game to stay competitive. Many companies have turned solely to online campaigns like Search Engine Optimization, Social Media Optimization and viral campaigns, seeing much better results at a fraction of the cost. Because people are saving money by getting rid of cable, driving less, and spending more time online, people aren’t seeing TV spots, billboards, and print ads like they used to. Today, everyone is online for everything, which is why this recession is the perfect time for traditional companies to try nontraditional advertising.