tag:blogger.com,1999:blog-15078815.post290239530059143948..comments2023-09-25T21:22:28.439-04:00Comments on Cup Of Joe Powell: ET Unemployment Hits 5 and 10 Year HighsJoe Powellhttp://www.blogger.com/profile/04326800254526438870noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-15078815.post-62346889921768905692008-08-26T08:10:00.000-04:002008-08-26T08:10:00.000-04:00In addition to the loss of jobs through a shrinkin...In addition to the loss of jobs through a shrinking economy those who work in heavy manufacturing can also expect a few more thingS to affect them negatively in the coming years or should I say, year. <BR/>Offshoring is so common it barely deserves mention anymore. Add "offshorin by automation" to that. <BR/>The dual tier pay structure is on its way as well. Those jobs that paid so well at automotive suppliers will not pay so well for new hires, a la the UAW structure just put in place. <BR/>Expect 20-25 percent less. <BR/>Those employees in the upper tier, with say 10-20 years seniority, can expect closer evaluation than ever as to their value of the company.Anonymousnoreply@blogger.com