Tuesday, August 4, 2009

Some sobering stories

Most of the guys in this networking group were in my age bracket when they got laid off. The results of the economist's study in the related article are even more troubling.

A quote from the article, "Mr. Wachter studied workers who had been with their companies at least three years, then lost their jobs when their employers reduced their work forces by at least 30 percent. He found that even 15 to 20 years later, most on average had not returned to their old wage levels."

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