Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Recession Drives Women Back To The Work Force

Recommended Posts

http://www.nytimes.com/2009/09/19/business...ml?ref=business

The Great Recession is pushing many highly educated women who had left work to stay at home with their children to dive back into the labor pool, according to several nationally recognized experts on women in the workplace.

Many of these women are sending out job applications for the first time in years because their husbands were laid off, fear being laid off or had their salaries cut or because their family’s investments plunged in value.

Last February Trudi Foutts Loh felt compelled to find full-time work, some 20 years after she quit her job to care for her two children. Her job back then as a lawyer and three hours of daily commuting made balancing everything impossible.

She occasionally worked as a political consultant and writer, but numerous economic worries made her conclude that that was not enough.

She pointed to investment losses “in the healthy six figures,†along with “some very high medical expenses for a family member and having two daughters in college. And then the value of our home and pension plan has taken a tumble.â€

She feels lucky because a law school friend hired her at a prestigious firm in Pasadena, Calif.

For Lisa Hughes, a mother of two, it was an unexpected layoff that shoved her back into the labor pool.

A former corporate lawyer, she moved from Montclair, N.J., to California last year, after the World Poker Tour recruited her husband to be its chief operating officer. Then, squeezed by the recession, the tour laid him off, pushing Ms. Hughes to pursue full-time work for the first time in 16 years.

“Never in my wildest dreams did I imagine he would be unemployed a year later,†she said. She plans to start a solo practice because “it’s hard to find jobs after 16 years.â€

So the number of now looking for work is increasing?

Welcome to the world of poverty, the whole global economy has been overinflated. I doubt they can fix this with just a mere bit of manipulation.

Share this post


Link to post
Share on other sites

You're mixing cause and effect. Women in the workforce is a generational trend, and is a cause of boom-and bust because double-incomes polarise earnings and wealth over what was the case with single-incomes.

The individual cases you found are at the top end of rich, and are too few to be statistically meaningful.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.