Most people I know are making substantially less, but the ones who can't find full-time work are the ones who are really hanging by a thread. Employers are now consolidating large skill sets into one jobs, and thus guarantee that the unemployed simply don't know how to do the "new" version of their job. Paying people to upgrade their skills would help -- but of course that will never happen while the Republicans control the House:
More than 20% of Americans laid off the past five years are still unemployed and one in four who found work is in a temporary job, according to a survey out Monday.
The report underscores that despite a sharp drop in long-term unemployment recently, many people out of work at least six months are still struggling to recoup their former wages and lifestyles. Those idled for years face an even tougher road back to employment.
"While the worst effects of the Great Recession are over for most Americans, the brutal realities of diminished living standards endure for the 3 million American workers who remain jobless years after they were laid off," says Carl Van Horn, director of the Heldrich Center for Workforce Development at Rutgers University.
The center conducted the survey of 1,153 Americans, about 300 of them long-term unemployed, from July 24 to Aug. 3.
The ranks of the long-term unemployed have fallen by 31% the past year to 3 million. But many of those hired are in temporary or part-time slots, or full-time positions that pay less than their previous salaries.
Forty-three percent of all the unemployed people surveyed were looking for part-time work over the summer, while only 26% sought full-time jobs, a reversal of the findings from the center's previous survey in January 2013.
"I think it's a reflection of the work available to them," Van Horn says. "The labor market is changing." Many employers have converted full-time jobs to part-time or temporary ones to increase efficiency and cut costs.
Workers fortunate enough to land full-time jobs often take significant pay cuts. Forty-six percent of those who found jobs after being laid off said their new job pays less than their previous one.