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During a recession, these workers actually see an increase in salary
Want a raise the next time a recession happens? Get a job with Uncle Sam. People who take a job with the government during a recession tend to see more long-term wage growth compared to those who take a job with the government when the economy is expanding, according to a paper by Duke University researchers recently distributed by the National Bureau of Economic Research. When the unemployment rate increases one percentage point, new college graduates and other employees working for the government see a long-term wage growth of 1% compared to those who work during a “boom,” the report said. Long-term wage growth ... (full story)
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