Our national economy is recovering at a steady pace from the so-called Great Recession that ended in 2009. The recession was the most severe, and one of the longest-persisting economic downturns, since the Great Depression. Employment fell by 6.3 percent during that period, and although the economy has added an average of 191,000 jobs per month since then, many workers are still not as secure or well off as they were before the recession hit.
A study conducted by the McKinsey Global Institute notes: “Technology and globalization have created a more dynamic and fast-paced business environment, but the way economies connect most individuals with work has been slow to respond. A significant proportion of workers feel overqualified or disengaged in their current roles… [That leaves] millions of people coping with unemployment, underemployment, stagnant wages, and discouragement.”
Back in 2015, and in response to these… Read more →