Clearly, American workers have not been able to shake the job worries they had back in 2009. And for good reason: their situation is only marginally better than it was in 2009.
According to the most recent Gallup poll, workers continue to express elevated concern about being laid off, having their hours cut, and having their benefits and wages reduced. Gallup found that of more than 2,000 respondents, most worried (43 percent) about having their benefits reduced this year.
The other major result is the 14-percentage-point increase in workers’ concerns about being laid off from August 2008 (just one month before the fall of Lehman Brothers that precipitated cascading problems on Wall Street over subsequent weeks and months) and now.
Low-income American workers’ concerns about this are up the most. Forty-four percent now say they are worried about being laid off, compared with 19 percent in 2008—a 25-point increase. Concern is also up more than the average among nonwhites (a 20-point rise), union members (19 points), and government workers (19 points).
American workers are under assault in the midst of the Second Great Depression. And they know it.