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Unless that article says they got jobs with similar salaries and benefits then do not look at it so rosey.
I know of several progammer colleagues that got layed off and are working but not in tech anymore. and took salary cuts. They couldn't get jobs..tech is being offshored at exponential numbers since last summer so companies can cut costs where they can.
I thought we were going to be a service economy? Isn't this what Clinton told us back in the early 1990s? I think we are going to be a nation on the dole. No manufacturing or service economy jobs. No wonder I can't find a teaching position. Last year I when I when to a teaching job fair I was met by ten thousand other applicants who were fighting for the three hundred positions made available by retirees. This year so far New York City has a hiring freeze going. Soon I will be sweeping the streets with my master's degree in my back pocket.
Another aspect of this issue is that many employers have wised up to, is the fact that they can now offer much less to new employees due to the employment situation. It is not uncommon in recessions for employers to lay off workers with the expressed intention to re-hire for that same position at lower wages. What statistic measures that?
It is not uncommon in recessions for employers to lay off workers with the expressed intention to re-hire for that same position at lower wages. yes - I have seen this happen - positions posted for half the salary of those laid off from that position. You think they would offer the people they laid off a pay cut? I wonder how many would take it.
I wonder what fields these people were in? I haven't read the entire article yet,but it would be interesting to see what the majority were.
My cousin has been out of work for 9 mos, an engineer with a large food distributor,can't find anything even remotely close to what he was making.
He did get offered a job working at Home Depot and is doing a pt thing there,but it is a far cry from his job before and certainly not paying his bills.
I suppose this is generally the case.....people have found work, but its in jack off jobs making a fraction of the living wage. Wooptie doo, everything is great, everyone works at Walmart!
Another aspect of this issue is that many employers have wised up to, is the fact that they can now offer much less to new employees due to the employment situation. It is not uncommon in recessions for employers to lay off workers with the expressed intention to re-hire for that same position at lower wages. What statistic measures that?
Circuit City did this shortly before going out of business.
The original article is no longer available, but keep in mind its source. The URL has "PRNEWSWIRE" in it. That means a company paid PRNewswire to distribute its press release.
Much of the news you see in mainstream media is based on press releases. However, unless the topic has been researched by a bonafide journalist, you should look at press releases with a critical eye. The issuing organization can have underlying reasons for skewing the angle a certain way.
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