A pending recession and enrollment cliff: to stay on the market, or not to?

A reader writes in:

I have been on the job market for a few years and am seriously looking into quitting the profession this year. The alternative is that I hold out for another year or two in a visiting position. I'd appreciate hearing your readers' thoughts on whether the job market is likely to improve in the near-term. The US is likely headed for a recession, which many private sector firms are already planning for. And the anticipated "enrollment cliff" (dropping college enrollments due to a decline in birthrates post 2008 recession) will hit soon after that.

Because market conditions will likely only get worse for the next several years, sticking it out doesn't really seem to make sense. Can any of your readers speak (anonymously) to whether departments and universities are already factoring in a recession and the enrollment cliff in future hiring plans, and whether university administrators are already discussing hiring freezes?

An important question. I responded to this reader in private, but I'm curious to hear what readers think--and, in particular, whether any readers on the hiring side of things have any inside information relevant the OP's choice. One thing that I didn't mention to the reader in private, but which is probably relevant, is that aside from technology (which has been notably engaging in large-scale layoffs), non-academic job markets are historically strong right now and are unlikely to remain that way. As such, if there is any good time to transition from academia to industry, it seems to me that time is probably now!

But these are just my thoughts. What are yours? 

Beyond Academia Conference

A reader writes in:

Just in case you have not seen this already, I wanted to call your attention to a conference aimed at “PhD professional development and careers outside of academia" that begins next Thursday, February 23—the “Beyond Academia Conference” at UC-Berkeley. Here is the link to the event site:  https://beyondacademia.berkeley.edu/. My understanding is that one can attend this conference virtually, and that it is free.  There is at least one speaker with a philosophy background, past member of the APA non-academic careers committee Shane Wilkins, who will be speaking about employment in the government sector. 

Sounds like a cool opportunity!