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The point of the article is more that an entire generation is going to be scarred by this recession. The author cites research showing that people who enter the
by 100k 17y ago
The point of the article is more that an entire generation is going to be scarred by this recession. The author cites research showing that people who enter the workforce during a recession never catch up the lost wages. They always lag behind their more fortunate peers.
- ojbyrne 17y agoUh, duh. I graduated in 1983, the peak of Reaganism/Thatcherism. Life is long, and over the 40 years of a typical career, if you work your ass off, and get a little bit of luck, things balance out. You end up making a little bit less than the people who graduated two years later, and a lot more than the people who don't work as hard.