- Thread starter
- #21
Actually I am going to agree with you, had it not been that I read an interview from the Nobel Prize winning economist, Thomas Sargent yesterday.
Studies found that in Europe and the US that when a person is employed, their "human capital" (worth) grows, making them valuable employees. Once they are unemployed, they lose their job, they begin losing capital right away. The longer they are unemployed, the more capital is lost, making them undesirable candidates for employment. This today, we find that recruiters and emplyers are looking at other corporations to take away their employees and actually put in advertisements, UNEMPLOYED NEED NOT APPLY.
What was meant as a Safety Net for the jobless actually turned into a trap by extending benefits and encouraging people to not take any job and waiting for the perfect one. A very interesting study. Sargent won the Nobel Prize this week.
None of that arrives at the conclusion you're trying to assert. It does nothing to change the fact that employers will not hire people "beneath their grade" because employers don't trust those people to stick around. Not only that, but managers don't want you doing an underlings job when you could be doing the boss' job. Because that manager will have to worry that you'll take his job. He's just not going to give you the chance to do that in economic times like these.
And as you say yourself, once you're unemployed, you're less likely to be hired nowadays anyway. Everything you've said retains and affirms the fact that the current unemployment problems have nothing to do with people not being willing to accept a job "beneath their grade." In fact, tens of thousands of people in the US have tried to gain employment "beneath their grade" but rejected because they are over qualified.
Keep in mind, those weren't my assertions, but of the economists after studies.
My own thoughts, however is , if I was looking for an employyee, I would rather take one that is still trying to keep some sort routine in his life, keep an edge, going for more training, something productive rather than sitting on their bum. I might hire an over qualified person, letting him know I want him in the firm and looking for another position for him because I know of his worth if that is, indeed the truth.
Another point is, the study showed that the length of time being unemployed made a difference. The longer someone was out of work, the less desirable the potential employee was. Sorry to go on, this wasn't supposed to be the topic of the thread, sorry. Lol.