In Motherlode, Andrea Pate, a mother with two children talks about how difficult it has been finding a job—even a minimum wage one—and making ends meet. Pate lives in Milwaukee where the unemployment rate is significantly higher than the national average at 9.8 percent.
Kim Palmer, author of The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life has found the secret to financial security. Unfortunately, it sounds like a lot of work:
I’m so happy to be here and writing to you guys. I’ve been typing thebillfold.com into my iPhone every morning when I wake up for forever. It comes up as soon as I type in “t.” I want to say that this is because I know Mike will have his first post up by 9AM sharp, a rarity, but really I am just weirdly obsessed with this website.
As Logan and Mike talked about on Friday, today is my first day as a part-time contributor, so you’ll be hearing from me a few times a day, every day (gulp!). Before that starts, I wanted to take a minute to introduce myself and plead for your goodwill.
I just got word today that my father got laid off after 30-something years at his company.
Today Gawker publishes the 40th edition of its unemployment stories. It’s also the final edition, “not because there are no more stories to tell— we still receive new ones every week— but because its point has been made.” The whole series can be found here, if you feel like you need some fodder for a depressive episode.
I Used to Be a Great Worker, Really Type A, And Then I Lost My Job And Now I Am What You’d Call Not That Into It
More ways unemployment messes everything up for everyone: Great workers become eh workers. “The deterioration of employment prospects during a deep, prolonged recession might induce some elite workers to lose their pro-work ethic. Since identities are sticky, they might keep their new identity even when the recession is long past.”
In the Times this weekend, Nancy DiTomaso, a professor of management and global business at Rutgers Business School, discussed some of the research she has done examining how favoritism has played a part in driving inequality and unemployment numbers in the U.S.—especially among African Americans, whose unemployment rate still hovers over 13 percent.