What does the financial crisis do to employers and employees? Click and read my Newsday column.

On 9th. October, 2008 the Dow Jones Industrial Average (DJIA) reached a record 14164.53 points, its highest ever. According to the Daily Journal (9 October, 2008) Wall Street was celebrating the fifth anniversary of a bull market that had created $10 trillion in shareholder wealth since 2002. Exactly one year later, the DJIA went below 9000 points for the first time in five years, dragged down by a 39 percent slide is the US Stock Market and the disappearance of US$ 7 trillion in shareholder value.

What will this mean for employers and their employees? Perhaps we should be looking at three things : pension funding, employee compensation and job losses. Click the above link and read Part 1 of my Newsday column.