Comments on: Who will the recession favor?

By: Sunflowers

Sunflowers — Fri, 27 Mar 2009 02:28:00 +0000

There’s a lot of tension at our law school; there are VERY few people securing jobs. I have a year left, so I don’t feel as stressed, but I’ve been trying to find something for the summer, and as Shtinkykat mentioned, even unpaid internships are scarce (and I have 5 years law related experience!).

I agree with Shtinkykat – I’d stay with the workers I have, give them paycuts, initiate a hiring freeze. (which means we – the younger generation – are a bit screwed)

Also – http://chroniclesofdebt.blogspot.com/2009/03/book-giveaway-final-reminder.html

By: Abby

Abby — Thu, 26 Mar 2009 18:24:00 +0000

Shtinkykat,

That's true, since I guess these days so many experienced folks are willing to take paycuts. I suppose we'll just see a lot of career folks either barely making ends meet or taking second jobs until this recession clears up a bit.

I still think, though, when it comes to layoffs, experienced people with larger salaries are more likely to get the axe.

By: Shtinkykat

Shtinkykat — Thu, 26 Mar 2009 11:05:00 +0000

My coworker’s daughter just graduated from college and can’t even get an unpaid internship. (Of course, I think it’s because she’s not aggressively searching, but that’s just my opinion.) I think the problem is that more experienced workers are willing to accept a BIG paycut, which can undermine a newbie. In many ways, training someone new is great, since they haven’t developed bad habits. On the other hand, training newbies is time consuming and pain. If I was the boss, I hate to say it, but I’d pick the experienced person.