The damage of prolonged unemployment goes deeper than dollars. Skills deteriorate, anxiety and depression set in, and sometimes an outlook changes forever. Megan McArdle argues that the true cost of unemployment is even worse than we thought.
If you’ve ever been unintentionally unemployed for more than a few months, this article is worth the read. It articulates the feelings and long-term costs in a way that I haven’t quite seen before.
If you’ve never been unintentionally unemployed for more than a few months, thank your lucky stars and start building your LinkedIn presence before you need it. Because by the time you need it, you’ll already be several months, at best, behind the curve.
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