Labor & Economic News Blog
Tuesday, October 21, 2008
The Coming Pink Slip Epidemic
The Coming Pink Slip EpidemicWhen the dot-com and housing bubbles burst, it was easy to see what types of jobs would disappear. But these days as nervous lenders cower and credit contracts, virtually every industry is likely to be scathed in the widely predicted downturn starting this autumn. Nearly every business relies on credit to operate -- just as they need customers to have spending power.
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