CNNMoney has an interesting article on people that are accepting new jobs that pay them 50% less than their previous job.

After Jarrod Posner, 34, was laid off from his $110,000-a-year job as a mortgage lender for D.R. Horton, he had to change careers to find employment. After months of looking he took a job as an enrollment counselor at the University of Phoenix – a position that paid $33,000.

“I was actually thankful because I was getting a job, but at the same time my wife and I realized we had to make a lot of lifestyle changes,” Posner said.

The above is a prime example of the U.S economy.  More and more people are getting laid off and the only choice they have to take a job that pays them more than 50% less than their previous jobs. I believe more and more people will lose their six figure salaries.  The result will be highly qualified individuals taking jobs that were meant for the recent college grad.

There is my question to you: Would you take a job that pays 50% less than your previous job?

If you enjoyed this post, please consider subscribing to this blog. You can also subscribe via email. The subscription to this blog is FREE