[ElCapitanAmerica]

How many jobs were projected to be created last year? How many were actually created?

How many jobs were projected for last month? How many were created? Out of those, can you guess what percentage were low paying retail jobs?

[drlevy88]

And not only that, but let the former engineer or other out-displaced professional try to land one of these jobs, or make a career out of one. Even though willing to swallow the vast reduction in standard of living, they won't be considered viable hires unless they hide their experience on their resumes, because the would-be employers will consider, with some logic, what might happen if the job market changes and lures these people away again. Mass overqualification is a real albatross that no economic model I know of takes into account.