Why Were There No Jobs During The Great Depression? It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off
How Were Jobs Affected By The Great Depression? Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had
Can I Refuse A Pay Cut? Can I refuse a pay cut? Even though pay cuts are usually legal, there are some measures in place to protect workers. For example: The employee must be notified about the pay cut in advance. The employee must agree to the pay cut; alternatively, they may choose to leave