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Trading Down: Taking A Pay Cut After A Layoff — HuffPost Readers’ Stories

On Tuesday, The Huffington Post published a story documenting a disturbing post-recession trend: for many unemployed workers, finding a new job can mean a significant step down the professional ladder. For those lucky enough to find new work…

On Tuesday, The Huffington Post published a story documenting a disturbing post-recession trend: for many unemployed workers, finding a new job can mean a significant step down the professional ladder. For those lucky enough to find new work — any work — their old careers and lives often remain out of reach.

(Scroll down for HuffPost readers’ stories)

More than 8.84 million private sector jobs were lost during the downturn. Despite steady job creation this year, there are still more than four unemployed workers for every job opening. The job recovery has also been cruelly uneven. A full 40 percent of the jobs lost during the downturn came from high-wage industries — yet high-wage industries accounted for only 14 percent of the new positions created in the first year of the recovery, according to a report released in February by the National Employment Law Project.

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