— From my upcoming book Stories I Once Thought Of But Then Abandoned After One Sentence Upon Finding Out Other People Had Kind Of Already Done That Thing Already
Blast from the Past. At Daily Kos on this date in 2011—This is not your father's labor market:
|A study by the John J. Heldrich Center for Workforce Development at Rutgers University has been getting some attention well after its mid-December release. The New York Times explored one aspect of it last Friday. I discussed another piece of it last Wednesday. Called The Shattered American Dream: Unemployed Workers Lose Ground, Hope, and Faith in their Futures, it does not paint a pretty picture for Americans who lost their jobs in the Great Recession. Millions of them are still unemployed. And, as Catherine Rampell at theTimes points out, many of those who have gotten remployed aren't doing so well:
Nearly 7 in 10 of the survey’s respondents who took jobs in new fields say they had to take a cut in pay, compared with just 45 percent of workers who successfully found work in their original field.