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Reply to "Were lots of DC-area professionals overpaid?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There's a story in the NY Times about the dramatic decline in fortunes of some workers following the collapse of USAID. This is not to be harsh, but if you were making $272,000 a year at a nonprofit, and now you're interviewing for $19-an-hour retail jobs, isn't that a clear indication from the broader job market that you were overpaid? [twitter]https://x.com/AlecMacGillis/status/2047346892376351159[/twitter][/quote] yes[/quote] No. It's an indication that when you get laid off when you're 57 years old and in a very senior position in your field, which has been disproportionately hit relative to the rest of the economy, you're unlikely to find a comparable position. One of my relatives lost his job in the private sector at that age and never got another one--executives let go at age 57 often don't bounce back--not in this economy anyway. [/quote]
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