Income Loss Persists Long
RIVIERA BEACH, Fla. — Chuck Dettman said he had not really considered the notion back in 2001 that he and his friends in a job-search support group would never recover from being laid off.The country was in a recession then, as now, and the professionalsprada shoes
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Eight years later, however, most of the people who formed the core of Mr. Dettman’s group have not made it back to their old income levels, even if they eventually landed jobs.“I think there’s maybe only one or two that have been successful in making what they did then,” Mr. Dettman said.Taken together, their struggles are stark illustration that it can take years for a worker’s earnings to bounce back after a layoffGUCCI WOMEN
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“On average, most workers do not recover their old annual earnings,” said Till von Wachter, an economics professor at Columbia Universityrattan chair
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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 percenttimberland boots
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One of the main reasons for the drop-offs, according to economists, is that workers who endure a layoff are more likely to be laid off again.“What tends to happen iswomen's sandals
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The largest wage losses are typically for workers who had long tenures at their previous companies. The stability often allows them to build up skills specific to their employers or their industries and to accrue corresponding wage increases, but those skills can be worth less to other companiesprada shoes
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women's sandals.Older workers’ wages usually slide more than those of younger workers. Those with college degrees do slightly better than those without.

The networking group that Mr. Dettman helped form in 2001 was initially made up mostly of former colleagues of his from Pratt & Whitney, the jet engine maker, which laid off hundreds at the end of 2000 in a restructuring. The group members were all in their 40s and 50s.Interviews with seven early membersmens boots
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Mr. Dettman, who was a business analyst and earned just over $50,000 after nearly 20 years with Pratt, spent almost four years looking for work, exhausting his savings and his 401(k). He finally took a job as the chief financial officer of a drug and alcohol detox clinic run by his daughter and his son-in-lawjordan 23
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Jim Clark, 60, a former engineering assistant at Pratt who made about $49,000 a year, went back to school to earn a bachelor’s degree in organizational management but has stillgucci handbags
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The only former group member interviewed who is now earning more than she did before is Karen Carron, a 19-year Pratt veteran and computer programmer. Ms. CarronNike shox r4
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, 49, who has a master’s degree in computer science, made about $69,000 a year as part of a team producing software for the F-35 Lightning II fighter jet.