Monday, October 20, 2014

Six Going on Seven Years

that I have been unemployed and underemployed, and it looks like I have lots and lots of company.

There's no fucking relief in sight in my case.

The conventional wisdom that more education bears fruit in the labor market gets turned on its head when it comes to unemployment. For people with masters and even doctoral degrees, long-term unemployment is especially insidious. At best, these formerly high-earning professionals face the prospect of a years-long climb back to their former level of income and stature, while they delay retirement to rebuild their decimated nest eggs.

It's much, much, much more difficult to get a job with an advanced degree than if you have little or no education at all.

Many of us will never get back on our feet again.

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