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A comment on How the Great Recession Proved the Value of a College Degree. Parent comment

Re:How the Great Recession Proved the Value of a College Degree by patdennis on Friday August 17, 2012 @10:29AM (#4396497)
I assure you that - virtually always - layoffs are a last resort.

Furloughs, pay cuts, and reducing headcount through attrition have become almost ubiquitous on the state and local level over the past few years.

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Re:How the Great Recession Proved the Value of a College Degree by yummyfajitas on Friday August 17, 2012 @12:38PM (#4397308)
Um, no.

http://research.stlouisfed.org/fred2/series/ECIGVTWAG

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