Workers who lose jobs in a recession suffer nearly twice the hit to future earnings

Workers who lost jobs in a recession suffer nearly twice the hit to future earnings compared to those who are displaced in more prosperous times. A new study states employers who held their jobs for three are more years and were let go in a mass layoffs saw the value of their future earnings decline by11% in a average year compared to those who kept their jobs according to a paper released Thursday at the Brookings Institution by Columbia University’s Till von weather and the university of Chicago’s Steven Davies. Similar workers who were let go in a mass layoffs during a recession saw the value of their future earnings drop nearly twice as, much,19%.

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Recession Job Losers Suffer Nearly Twice The Hit To Future Earnings