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3min chapter
Mike Green: Recession Approaches As Housing & Car Markets Weaken
Forward Guidance
What Are the Consequences of a College Degree?
The median duration of unemployment has been rising in every recession that we've seen over the last 40 years. It's becoming harder and harder for people who have those types of jobs to find replacements at equivalent levels. For a Google employee making $275,000 and is now receiving severance that is roughly the same as that compensation, they have little incentive to actually hit that unemployment line.
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