A study by the John J. Heldrich Center for Workforce Development at Rutgers University has been getting some attention well after its mid-December release. The New York Times explored one aspect of it last Friday. Called The Shattered American Dream: Unemployed Workers Lose Ground, Hope, and Faith in their Futures, it does not paint a pretty picture for Americans who lost their jobs in the Great Recession. Millions of them are still unemployed. And, as Catherine Rampell at the Times points out, many of those who have gotten remployed aren't doing so well:
Of all the newly re-employed tracked by the Heldrich Center, 29 percent took a reduction in fringe benefits in their new job. Again, those switching careers had to sacrifice more: Nearly half of these workers (46 percent) suffered a benefits cut, compared with just 29 percent who stayed in the same career.
Many of those who found work in a different field say they have come to terms with the limited opportunities, but they are reluctant to see their new job as a calling.
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