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by enraged_camel 4147 days ago
I don't have any citations handy, but there are a lot of stories, both reported in the press and relayed anecdotally, of people who got laid off during the crash and then got re-hired at lower pay once the dust settled.

On top of that, a lot of people were unemployed for a long time and then had to jump on the first offer they got, which often paid less.