May 14, 2010

Many jobs lost in recession are not coming back

The New York Times reports that many of the jobs lost during the recession are not coming back.


The weak economy has given employers the chance to do what they would have done anyway: dismiss millions of people - such as file clerks, ticket agents and autoworkers who were displaced by technological advances and international trade.

The phasing out of these positions might have been accomplished through less painful means like attrition, buyouts or more incremental layoffs. But because of the recession, winter came early.