I know the scenario well. We also had an AT&T/Lucent/Alcatel/vacant facility in Colorado Springs.
Tom brings to mind another point. Underemployment.
All the recent crowing that the economy is improving because 'unemployment' rates are dropping is a charade. Like the AT&T/Lucent/Acatel story, most of the jobs lost after 2008 were much higher-paying jobs with much better benefits than the replacement jobs that have been 'created' in the past couple of years.
A huge number of people gave up even seeking jobs after years of hunting, and after their 2-years of unemployment benefits ended, have been living like bottom-feeders scrounging here and there. Permanent unemployment.
Even more lost those good pre-2008 jobs and have been displaced to lower-paying/lesser-benefit jobs and/or part-time only jobs with no benefits. Terminal underemployment.
And, more graduating college students are having a harder time securing good jobs that utilize their expensive, specialized educations. Intellectual underemployment.
Even the well-employed have to deal with a shift in employer-ethic. Fewer and fewer companies value good, loyal, long-term employees than ever before. The days of working for one employer for an entire career are virtually gone. Many employers are more invested in churning employees than in earning and rewarding long-term loyalty. Seems few jobs last more than 5-10 years these days.
With all this upside-down economy, the traditional path to the 'American Dream' of personal fiscal and financial security is out the window for more people than not, and the hard-work ethic is no longer justifiable in the minds of vast numbers of our population. Easier ~ and in some cases unavoidable ~ to go on the public dole than to work hard and succeed at a desirable career.
Sooner than later, there will be more people riding the cart than people pulling the cart.