Laid-Off Workers Settle for Part-time Jobs
It's the only way to pay the bills
by: Carole Fleck | from: AARP Bulletin | June 1, 2011
Half a salary is better than none. And these days, it takes 50-year-old Phil Bookfor three part-time jobs just to earn that.
After 17 years at the Tropicana Casino and Resort in Atlantic City, N.J., where he worked as a supervisor making $48,000 a year, Bookfor got laid off in 2007. He's been unable to land a full-time job since. So he works as a waiter at two restaurants and as a concierge at a convention center — sometimes all in the same week.
Welcome to the new post-recession labor landscape. Since December 2007, U.S. employers have shed 8.7 million jobs, and as of April had added back only about 1.8 million. Consequently, older and younger workers alike are increasingly forced to accept part-time or temporary jobs in lieu of full-time work, or take full-time positions inappropriate to their skill level and previous pay grade.
To make ends meet, laid-off managers now work as cashiers. Unemployed teachers are delivering pizzas. Engineers are fixing computers. These are the underemployed, and according to the Bureau of Labor Statistics (BLS), their growth as a group is unprecedented.
Read the full article at:
http://www.aarp.org/work/job-hunting/info-06-2011/underemployed-workers.html