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More and more Americans are retaining their jobs by settling for lower wages and benefits, or going without cost-of-living increases.
Most end up in pretty good jobs, but I wonder whether, by "leaning out," these talented young women are unnecessarily settling for lower career trajectories.
So to some extent Americans have been substituting lower wages for lost jobs – either by accepting lower wages at their current place of employment, or getting the boot and settling for lower wages elsewhere.
In theory, the employee stock ownership plan should have provided enough incentive for the pilots and the machinists to keep the airline running smoothly, even if it meant settling for lower salaries or giving concessions.
In the end, Jones pins his hopes on newspapers' developing separate online businesses, with the owners of quality papers settling for lower than historic profit margins and renouncing slash-and-burn strategies.
A successful hybrid, he argues, cannot be created from two such different cultures: it's "like asking Sinatra to sing 'Blue Suede Shoes.' " In the end, Jones pins his hopes on newspapers' developing separate online businesses, with the owners of quality papers settling for lower than historic profit margins and renouncing slash-and-burn strategies.
Similar(52)
In addition, many American workers are settling for lower-paying work.
One result is that parents end up settling for lower-quality care, because it's cheaper or the only kind available.
And many job hunters, unable to find new positions that match previous jobs, are settling for lower-paying opportunities with fewer benefits, says Cole Wilcox, manager of the Longboard Managed Futures Strategy fund.
For women: don't put out too easily, don't settle for lower standards of behaviour.
But some hotels may have no choice and will have to settle for lower rates.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com