(NY Times) Career Shift Often Means Drop in Living Standards

Even the lucky ones are not so lucky, it seems.

A new study of American workers displaced by the recession sheds light on the sacrifices a large number have made to find work. Many, it turns out, had to switch careers and significantly reduce their living standards.

“In many cases, these people are not very happy,” said Cliff Zukin, professor of public policy and political science at Rutgers University and one of the authors of the study. “They’re the winners who got new jobs, but they’re not really what they want, and not where they want to be.”

The study, conducted by the John J. Heldrich Center for Workforce Development at Rutgers, was based on a survey of Americans around the country who were unemployed as of August 2009 and re-interviewed about their job status twice over the next 15 months.

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Posted in * Economics, Politics, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--