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More and more Americans are being displaced. Corporations are laying off their seasoned employees to bring in newbies off the streets at a much lower rate of compensation. This is crushing to many families with mortgages, children in college, and debt. The person displaced is often forced to take a new job making much less money and with fewer benefits (if any). The best thing we can all do is prepare. We prepare by continuing our education, and making yourself valuable. It is going to get much worse. And a wise man will live a little below his means, and save for emergencies.