Monday, March 02, 2009

From executive pay to hourly wage.

TEMPE, Ariz. — Mark Cooper started his work day on a recent morning cleaning the door handles of an office building with a rag, vigorously shaking out a rug at a back entrance and pushing a dust mop down a long hallway.

Nine months ago he lost his job as the security manager for the western United States for a Fortune 500 company, overseeing a budget of $1.2 million and earning about $70,000 a year. Now he is grateful for the $12 an hour he makes in what is known in unemployment circles as a “survival job” at a friend’s janitorial services company. But that does not make the work any easier.
“You’re fighting despair, discouragement, depression every day,” Mr. Cooper said.

Working five days a week, 9 a.m. to 6 p.m., Mr. Cooper is not counted by traditional measures as among the recession’s casualties at this point. But his tumble down the economic ladder is among the more disquieting and often hidden aspects of the downturn.

In Mr. Cooper’s case, relying on unemployment checks was never a serious consideration. The maximum benefit that jobless people can collect in Arizona is $240 a week, among the lowest in the country — and much less than is required to cover the mortgage on the comfortable four-bedroom home in Glendale that he and his wife, Maggie Macias-Cooper, share.

Mrs. Macias-Cooper, who works as a personal trainer in a gym built in what used to be the couple’s three-car garage, has seen her client base shrink to 10 from about 50 over the last year.

Read on.

3 comments:

airJackie said...

This is a sad story but it's happening to millions of Americans. Some older baby boomers kill themselves because they think they don't have time to recover their lost. I notice how John McCain isn't interested in the suffering from the people he was elected to respresent.

PrissyPatriot said...

For sure Jackie, that's why he married Cindy...otherwise he'd be living off his disability check-the part that doesn't go to his first wife.

KittyBowTie1 said...

Hey, maybe some of the former bosses now know what it's like for their lowest paid employees. $12 is a little high for janitors--the article said this guy's friend got him the job. Most people aren't that lucky.