Tuesday, February 24, 2009

High wages, few jobs

The New Yorker has an article that tackles an odd contradiction - during recessions and even the Great Depression, wages rise. It may be tough to find a job, but when you do, salaries remain competitive.

Companies are concerned about loosing talent and overall employee morale, but there are other factors during this economic downturn - the "just in time" model is making companies and workers more productive and the job market more unstable.

article at the New Yorker

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