JOBS, WORKING FOR LESS AND NETTING LESS THAN ON UNEMPLOYMENT: Allan Meltzer: The Folly of Economic Short-Termism - WSJ.com
In terms of helping the unemployed, a friend in California told me about his situation.
He is a computer techie type and had lost his job during the recession. He went on unemployment and said he had to take a low paying job to get back into the work force.
He said his job paid about the same as his unemployment and he had the additional cost of over a 100 mile daily commute.
But, he stuck with it; and now, less than a year in this low-paying job, he's been offered a job with a new employer at $55,000 and a much reduced commute.
The lesson?
One has to wonder if people won't have to take much lower pay to get back into the work force? Of course, getting rid of ObamaCare, etc. would help too!
Thursday, August 11, 2011
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