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 professionals >prada shoeswholesale jordansGUCCI MENSbeach matGUCCI WOMENS who had just lost their jobs met
weekly at a local job center to network and trade advice. Despite the national economic problems,
they remained confident that they would not only find work but would also be compensated as
they had been in the past.

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
WOMENGUCCI MENInsulating glassmens bootsPark equipment, and that it can take even
longer for a layoff during a recession. Economists, in fact, say income losses for workers who are let
go in a recession can persist for as long as two decades, a depressing prognosis for the several-
million people who have lost their jobs in the current recession.

“On average, most workers do not recover their old annual earnings,” said Till von Wachter, an
economics professor at Columbia Universityrattan
chairwomen's bootswomens bootswholesale jeansed hardy cap, who recently completed a working
paper with two other economists that examined the long-term earnings of workers who lost their
jobs in the recession of the early 1980s.

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 href=http://www.kickslink.com/ >timberland bootsmen's bootsgucci saleair max 2009Playground equipment. He found that even 15
to 20 years later, most on average had not returned to their old wage levels. He also concluded
that their earnings were about 15 percent to 20 percent less than they would have been had they
not been laid off.

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 is href=http://www.kickslink.com/ >women's sandalsIndoor playgroundlouis vuitton walletsleather shoeswomen boots the worker has to start over with a new
employer, sometimes in a new industry,” said Ann Huff Stevens, an economics professor at the
University of California, Davis. “You’re at the bottom of the totem pole again.

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 companies href=http://www.kickslink.com/ >prada shoesleather bootsmen shoesCushion Wholesalewomen'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 bootscheap nfl jerseyschina travel informationair jordan 2Stainless steel flange of the group found that
many had been forced to drastically change their lifestyles to cope with lower incomes. Several
have struggled with long bouts of unemployment. Some were laid off several times. Many have
been forced to lean heavily on spouses’ incomes.

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
23jordan 14wholesale designer handbagscheap bagsjordan 8, getting paid
three-quarters of what he used to make, without benefits. He quit two years ago to start his own
Christian counseling service but has yet to draw a paycheck.

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 still href=http://www.ilikebags.com/ >gucci handbagschina travel servicesknockoff handbagslouis vuitton bagsfashion bags not found full-time paid employment. He
now scrapes together about $20,000 a year as a cantor at his Roman Catholic parish on Sundays
and by singing at weddings and funerals.

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. Carron href=http://www.greennikeb2b.com/ >Nike shox r4 >31618-90-3Cheap nikeschina group toursgucci bags, 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.

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 professionals >prada shoeswholesale jordansGUCCI MENSbeach matGUCCI WOMENS who had just lost their jobs met
weekly at a local job center to network and trade advice. Despite the national economic problems,
they remained confident that they would not only find work but would also be compensated as
they had been in the past.

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
WOMENGUCCI MENInsulating glassmens bootsPark equipment, and that it can take even
longer for a layoff during a recession. Economists, in fact, say income losses for workers who are let
go in a recession can persist for as long as two decades, a depressing prognosis for the several-
million people who have lost their jobs in the current recession.

“On average, most workers do not recover their old annual earnings,” said Till von Wachter, an
economics professor at Columbia Universityrattan
chairwomen's bootswomens bootswholesale jeansed hardy cap, who recently completed a working
paper with two other economists that examined the long-term earnings of workers who lost their
jobs in the recession of the early 1980s.

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 href=http://www.kickslink.com/ >timberland bootsmen's bootsgucci saleair max 2009Playground equipment. He found that even 15
to 20 years later, most on average had not returned to their old wage levels. He also concluded
that their earnings were about 15 percent to 20 percent less than they would have been had they
not been laid off.

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 is href=http://www.kickslink.com/ >women's sandalsIndoor playgroundlouis vuitton walletsleather shoeswomen boots the worker has to start over with a new
employer, sometimes in a new industry,” said Ann Huff Stevens, an economics professor at the
University of California, Davis. “You’re at the bottom of the totem pole again.

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 companies href=http://www.kickslink.com/ >prada shoesleather bootsmen shoesCushion Wholesalewomen'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 bootscheap nfl jerseyschina travel informationair jordan 2Stainless steel flange of the group found that
many had been forced to drastically change their lifestyles to cope with lower incomes. Several
have struggled with long bouts of unemployment. Some were laid off several times. Many have
been forced to lean heavily on spouses’ incomes.

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
23jordan 14wholesale designer handbagscheap bagsjordan 8, getting paid
three-quarters of what he used to make, without benefits. He quit two years ago to start his own
Christian counseling service but has yet to draw a paycheck.

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 still href=http://www.ilikebags.com/ >gucci handbagschina travel servicesknockoff handbagslouis vuitton bagsfashion bags not found full-time paid employment. He
now scrapes together about $20,000 a year as a cantor at his Roman Catholic parish on Sundays
and by singing at weddings and funerals.

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. Carron href=http://www.greennikeb2b.com/ >Nike shox r4 >31618-90-3Cheap nikeschina group toursgucci bags, 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.