bostonbubble.com Forum Index bostonbubble.com
Boston Bubble - Boston Real Estate Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

SPONSORED LINKS

Advertise on Boston Bubble
Buyer brokers and motivated
sellers, reach potential buyers.
www.bostonbubble.com

YOUR AD HERE

 
Go to: Boston real estate bubble fact list with references
More Boston Bubble News...
DISCLAIMER: The information provided on this website and in the associated forums comes with ABSOLUTELY NO WARRANTY, expressed or implied. You assume all risk for your own use of the information provided as the accuracy of the information is in no way guaranteed. As always, cross check information that you would deem useful against multiple, reliable, independent resources. The opinions expressed belong to the individual authors and not necessarily to other parties.

The Curse of the Class of 2009 - Lower Wages for Up to a Dec

 
Post new topic   Reply to topic    bostonbubble.com Forum Index -> News & Reference Suggestions
View previous topic :: View next topic  
Author Message
balor123



Joined: 08 Mar 2008
Posts: 1204

PostPosted: Sun May 10, 2009 3:28 am GMT    Post subject: The Curse of the Class of 2009 - Lower Wages for Up to a Dec Reply with quote

The Curse of the Class of 2009 - Lower Wages for Up to a Decade


I mentioned this problem in a previous post and the effect it would have on housing prices in a pipelined market like Boston.
Back to top
View user's profile Send private message Send e-mail
nickbp



Joined: 26 Feb 2009
Posts: 75

PostPosted: Sun May 10, 2009 5:08 am GMT    Post subject: Reply with quote

I'm surprised the income difference would last that long. If you're making under market rate, couldn't you just switch employers once conditions improve?
Back to top
View user's profile Send private message
nickbp



Joined: 26 Feb 2009
Posts: 75

PostPosted: Sun May 10, 2009 5:19 am GMT    Post subject: Reply with quote

Something I just thought of: They could go back to school and get a graduate degree while waiting out the storm.
Back to top
View user's profile Send private message
nickbp



Joined: 26 Feb 2009
Posts: 75

PostPosted: Sun May 10, 2009 5:38 am GMT    Post subject: Reply with quote

nickbp wrote:
If you're making under market rate, couldn't you just switch employers once conditions improve?

nickbp wrote:
Something I just thought of: They could go back to school and get a graduate degree while waiting out the storm.

Haha, I really wish these forums had an edit button -- the bottom of the article says the same things, at least for sciences/engineering.

I wish that guy would lay off the geocities-esque colored text. Pun intended.
Back to top
View user's profile Send private message
balor123



Joined: 08 Mar 2008
Posts: 1204

PostPosted: Sun May 10, 2009 2:24 pm GMT    Post subject: Reply with quote

Having been in this position, switching employers can make a big difference but often not enough. They usually ask your previous pay. You don't have much leverage when their first offer is 25% higher than what you are currently making. There needs to be really strong demand for workers for you to demand good compensation and there hasn't been that demand for engineers at least since the late 90s. Outsourcing dampens employers willingness to accept non-ideal skillsets and graduating during tough times means that you have fewer opportunities to develop those well paying skillsets.
Back to top
View user's profile Send private message Send e-mail
Display posts from previous:   
Post new topic   Reply to topic    bostonbubble.com Forum Index -> News & Reference Suggestions All times are GMT
Page 1 of 1

 
Jump to:  
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Forum posts are owned by the original posters.
Forum boards are Copyright 2005 - present, bostonbubble.com.
Privacy policy in effect.
Powered by phpBB © 2001, 2005 phpBB Group