Most laid-off US workers take pay cuts in new jobs

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Pinto considered the sales job a "life raft" until she could find something better. She’s still looking, and the competition is fierce. She applied for an administrative position at a local police station. There were 186 applicants, she was told.

"I’ve always worked a full-time job with benefits," Pinto said. "It’s almost like that’s a thing of the past. It really erodes your self-esteem."

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