Tuesday, September 14, 2010

Ezra Klein - Two graphs that should really scare us

The bad news on job loss is that there's no good news:
So a 25-year-old worker whose firm went under in 2008 will still be earning less than the guy in the office park across from him whose firm barely rode out the recession. We tend to think of employment as being binary: You have a job, or you don't. But it's more complicated than that. Losing a job has lingering effects, and not just on income. It also raises your risk of death going forward