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Author: llamalluv Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Free Money? Date: 7/25/2003 11:29 PM
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What about a lot of the accountants that you know that are working for $9/hour right now as temps?

They have/had a lot of debt. (Mortgages too big (IMO), credit cards, cars, STUDENT LOANS)

The two that I know really well--one of them got a temporary position with the company that got bought out by the one he was laid off (lay off caused by the buy-out) then he was able to get a permanent job with them (Has a Bachelors). The other one finally took a completely non-related job (working outside maintaining electric poles) and was stuck there for over a year, even though he was told he could transfer to the accounting department after 6 months. He only just got transferred two months ago. (Bachelors)

One other person I know, her husband got laid off--and two weeks later their (just financed) brand new car was totalled when an (uninsured) moron teenager ran a red light. VERY fortunately, she was not injured. Six months later they lost their house. She and her husband are now sharing one car, and he's working a $7.50/hour job at the airport, instead of the $70K/year job they moved to Phoenix for. She's a Vetrinarian Assistant, and does "doggy day care" on the side, and for a while was doing EXTREMELY well at Pampered Chef, but now without a car, she can't do the shows any more. They both have Bachelor's Degrees (he has a Master's IIRC--I haven't talked to her for a few months--she hasn't been coming to cluster)

Student loans didn't help them. I've heard over and over again that many employers don't want to hire "overqualified" people because they know they will bail as soon as something better comes along.

I'll eventually go get my AS or BS, but I refuse to go into debt to do so.
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