A Mid-Career Stall Is Costing White-Collar Workers Thousands Of Dollars
We’re all used to being told that white-collar workers have an advantage in the world because of their higher-paying jobs. It seems that even their advanced degrees and spacious offices can’t protect them from the pitfalls created by this economy and job market, though. According to research conducted by New York University’s School of Professional Studies and Burning Glass Institute, the white-collar workers society has idealized for decades now are actually losing thousands of dollars because of a crisis few talk about but many experience. These employees are, essentially, stuck. White-collar workers are facing what experts call a ‘mid-career stall.’ The researchers described this kind of stall as “a period of five or more years with no meaningful promotion and negligible wage growth.” 24.2% of employees who are considered to be “mid-career,” or 10 to 15 years from the beginning of their professional experience, have been hit with this unfortunate stall. A CBS News analysis of the research noted that this lack of mobility can add up to tens of thousands of dollars less made …
