By Kevin M
Last night my wife learned something disturbing—not for herself but for some of her coworkers. She has a part time job with a company that just announced that fulltime employees are losing their benefits and being converted to part time status.
Now the optimist may say, “it could have been worse—at least they didn’t lose their jobs”. And while there may be a grain of truth to that assumption, the bad news outweighs the good here, and I’d say by a wide margin. First of all, part time isn’t full time—it’s part time. That means even if you keep your hourly rate of pay, there’s no guarantee of 40 hours a week, or even of 30 or 20. That looks an awful lot like a pay cut to me.
Second is suddenly going from a job with benefits to one without—that includes health insurance. Charles Hugh Smith has made a strong case that the middle class isn’t middle class without health insurance coverage, and I think that point is beyond debate. What we’re looking at here, in addition to the pay cut, is the loss of socio-economic class status. They’ve been demoted to “the working poor” without ever losing their jobs. That’s pretty radical.


As if the poor economy, high taxes, too much regulation, advancing technology and globalization weren’t doing enough to torpedo the job market, there’s yet another obstacle to finding a job, one of a more personal nature and it’s having a bigger impact all the time.
The official unemployment rate has finally fallen below the 9% level (8.9% in February), but does that mean the job market is finally turning around?




Turning Relocation Into a Strategic Move
By Tim Eyre
Sometimes the choice is stark: relocate and keep the job, or stick around but look for a new line of work. In other cases, the choice is whether to settle for the status quo or to improve your professional and/or financial status by relocating. In most cases, there are no easy answers. But there are always good questions to ask that can help clarify the options. Here are a few questions to consider that might help the decision-making become a little easier:
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