On December 27, 2010, The Wall Street Journal reported in "More US Job-Hunters Try Australia" that US citizens are going abroad for jobs. A man, age 23, from Camarillo, CA, for instance, relocated to Australia for a flooring job. In Australia, he gets around $50/hour compared to $8.90/hour stocking groceries in the US. Another man who used to work at a New York hedge fund moved to Australia for a MBA degree, and now upon graduation has gotten several job offers. Many people are going abroad to study in hopes of getting a job at the country upon graduation. Job offers are not coming as easy to US educated professionals. Many law school graduates in 2009 and 2010 are still seeking full time employment. Junior attorneys at top law firms worked harder in 2010 because of staff decreases, with little change in bonuses according to The Wall Street Journal's "Law Firms Hold Line in Setting Bonuses" on December 27, 2010. Bonuses at top firms have ranged up to $35,000/year in 2010. But, there is little need for the average person to cry for these associates since their base pay still started at $160,000 at some firms, and having a job in a tough economy was more than not having anything at all. With tough immigration and work requirements in some foreign countries, the US gains more in foreigners than it loses in native born Americans to other countries. Not being able to escape a country for long term residency, a person may be stuck in underemployment, no employment, or bankruptcy. Rinne Legal helps people with bankruptcies, estate planning, and loan modifications in Contra Costa County, Sacramento County and Solano County. Rinne Legal has offices in Walnut Creek, Fairfield, Sacramento and Elk Grove. Contact Rinne Legal for a free consultation. These blog posts are for informational purposes only and not intended nor should be construed as legal advice. These blog posts may be considered attorney advertising in some states. Prior results described on blog posts do not guarantee similar outcomes in future cases. There is no intent to create an attorney-client privilege or relationship with anyone accessing information on this blog. Authors posting on this blog are not obligated to reply to any emails seeking legal advice. The information contained on this blog is not intended to be a solicitation.
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