The New Normal?
According to an article in the New York Times, a few of the unemployed are beginning to find new jobs. A few businesses are expanding. And a few businesses are hiring. However, the few jobs being created and filled are low paying. In other words, if an employee is fortunate enough to find a job today, he will be making less than he was in his previous job. This seems to be what’s ahead in a post-recession world.
Even before the Great Recession started, the trend in job creation was toward bottom-heavy, low-paying jobs. According to some economists, this trend will continue and will virtually eliminate “middle-skill, middle-wage” jobs. Thus, when the unemployed slowly begin to find jobs, they will be making considerably less than they were making pre-recession.
It’s too early to know this for sure, particularly for those who can’t find any kind of job. If the new normal means, for the most part, lower paying jobs and a diminished standard of living, the economic recovery will never come for many employees who used to earn a medium income with a quality job.
About Chris Parker
Chris Parker's practice focuses on the representation and counseling of companies in matters pertaining to the workplace and the protection of their intellectual property and trade secrets. In addition to serving as an advocate for clients, Mr. Parker is also trained as a mediator and frequently serves as a third-party neutral.
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About Jimmy Daniel
Jimmy Daniel provides counseling to businesses of all sizes related to the employment relationship. He assists in the drafting of employment agreements, policies, and handbooks, as well as provides guidance related to compliance with federal, state, and local legislation such as the Fair Labor Standards Act and the Family and Medical Leave Act.
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About Larry Bridgesmith
While serving in an Of Counsel relationship with the firm, Mr. Bridgesmith also serves as the Executive Director at the Institute for Conflict Resolution at Lipscomb University and as an officer and principal in Strategic Resolutions Group, LLC. In these roles, Mr. Bridgesmith brings over 30 years of legal experience in dispute resolution and innovative workplace strategies to clients, students and business entities alike.
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