For me and many I know, things didn't return to normal in the job market until the late 2010s, about a decade after the crash. The early 2010s saw tons of people applying to each job for low pay. I am sure others had this experience. Why did the recovery from 2008 take so long? I get the impression that if a recession comes now — and that might not even happen — the recovery, in terms of availability of jobs and decent pay, will be much quicker.
For me and many I know, things didn't return to normal in the job market until the late 2010s, about a decade after the crash. The early 2010s saw tons of people applying to each job for low pay. I am sure others had this experience. Why did the recovery from 2008 take so long?
I get the impression that if a recession comes now — and that might not even happen — the recovery, in terms of availability of jobs and decent pay, will be much quicker.