Can you share any information about people taking the same job for less pay? I haven't seen evidence of this, but I don't doubt that it's happening in some places. I'll admit that I live in sort of a bubble because my salary has doubled since 2008 and the salaries of many of my friends and family have grown quite a bit as well. Granted, most of the people I know work in some sort of tech-related field.
Re:The Big Lie: 5.6% Unemployment
by enraged_camel on Tuesday February 03, 2015 @02:33PM
(#8992705)
I don't have any citations handy, but there are a lot of stories, both reported in the press and relayed anecdotally, of people who got laid off during the crash and then got re-hired at lower pay once the dust settled.
On top of that, a lot of people were unemployed for a long time and then had to jump on the first offer they got, which often paid less.
Re:The Big Lie: 5.6% Unemployment
by djokkataja on Tuesday February 03, 2015 @03:15PM
(#8993013)
This doesn't indicate that people are taking the exact same job for less pay, but it's still relevant to the general thrust of your question, I think:
But the decrease in unemployment and underemployment still don't paint the most accurate picture, because a lot of people who became employed did so at lower pay. I mean you may be employed full-time but if you're making 25% less than what you did before the crash, it's difficult to make the case that things are improving.