But the effects of beginnings on a large swath of the workforce is more troubling, especially since the early data on those who entered the job market during the 2007–2010 Great Recession look especially dim. Kahn and two Yale colleagues have found that the negative impact on students who graduated during 2010 and 2011 “was double what we would have expected given past patterns.”32 The Federal Reserve Bank of New York, looking at these early indicators, warned that “those who begin their careers during such a weak labor market recovery may see permanent negative effects on their wages.”33
