NYT: Weak Hiring May Scar New Graduates for Years
According to the New York Times, graduates entering the workforce during a weak hiring environment may face long-lasting career effects such as lower starting salaries, slower wage growth, reduced job mobility, and delayed career progression.
The New York Times reports that new graduates entering the labor market in a weak hiring environment could suffer persistent career setbacks. These include lower initial salaries, slower subsequent wage growth, diminished job mobility, and delayed overall career advancement.
The findings highlight the potential long-term scarring effect of entering the workforce during an economic downturn or sluggish hiring period.
Source: First Squawk