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Laid-off workers settling for less

 
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aardvark



Joined: 21 Jul 2008
Posts: 185
Location: Central Saudi Arabia

PostPosted: Thu Sep 06, 2012 4:54 am    Post subject: Laid-off workers settling for less Reply with quote

For those who think the U.S. economy never recovered fm the 2008 recession-- you are probably right. From an AP news story:

Only 56 percent of Americans laid off fm Jan. 2009 to Dec. 2011 had found jobs at the start of this year. More than half of them took jobs with lower pay. The figures would be lower if people who could find only part time jobs were included in the total. [lower than 56 percent?!?!?]

There's a human interest story in this tale of teh economy. Andrew McMenemy (age 52) used to make $80,000 a yr. as a computer syst. administrator at a software firm. He was among the 80% laid off in March 2010.

Now he makes $9.15 an hour providing tech support for Apple [that's right, Apple]. The job pays no benefits. he works from home in PA where he lives with his father. He said, "I made more when I worked in high school."

If you think the U.S. wages are reaching parity with 3rd world wages, you are also right. Shocked
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