Word: collared
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Dates: during 2000-2009
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...come to this. White-collar workers are joining the jobless ranks in record numbers, tossed aside by the same companies that not long ago lavished them with signing bonuses and free lattes. Although the Labor Department announced last week that overall unemployment fell slightly to 5.6% in September, the number of white-collar workers who are jobless has doubled from two years ago. Professionals, managers and technical and administrative workers now make up 43% of the unemployed, according to the government. "Of course, other workers are hard hit too," says Jeffrey Wenger, an economist at the nonprofit Economic Policy Institute...
...jobs, according to Chicago outplacement firm Challenger, Gray and Christmas--the lowest since the company began tracking that figure in 1986. "There's a need for security and comfort now," notes John Challenger, "[but that unwillingness] may contribute to longer unemployment for many." That helps explain why white-collar workers now make up a whopping 48% of those unemployed for 27 or more weeks, up from 39% just a year...
This is not happening just in New York. Across the country, laid-off white-collar workers find themselves reassessing the career goals that once defined them. Pedro Canahuati, 28, had dropped out of college and zoomed up through the ranks to become director of operations at an Internet data--center company headquartered in Denver. "I had been in the industry for about nine years and had quite a bit of experience," he says. "I always felt that it was the people who didn't have the experience and couldn't maintain their value in the company who would be laid...
...sure, white-collar workers out of a job often suffer less, financially speaking, than do those with less income and training. Educated workers tend to be married to others like themselves, who often also hold jobs that come with health insurance. Many have savings, equity in a home or well-off parents. Their experience and contacts help them in their search for another high-paying job. And they can often afford to get more education for a new career. "If all else fails," says David Wyss, chief economist with Standard & Poor's, "there's always law school...
...Hadid has designed the building around its product. "The entire work force will have to move through one zone to their respective parts, the cars also going through it. There is no split between management, design, manufacture. It's a new work landscape that ends the blue collar-white collar divide. You will even see the cars from the cafeteria." But it is not always easy for clients to envisage the working parts within Hadid's broad-brush drawings. This was the case with a science center in Wolfsburg, the German city best known for making Volkswagens. The head...