At his State of the Union address yesterday, President Obama offered an unusual remedy to those who’ve found lower-paying jobs after being unemployed– wage insurance. The proposed entitlement program would help employees who’ve lost their jobs involuntarily find other jobs through retraining, but also help protect employees from future losses in earnings. It prevents low- and middle-income wages from dropping below a certain level if they take a lower-paying job in order to stay employed.
See "Here’s the Most Unorthodox Idea From the State of the Union", Haley Sweetland Edwards, TIME, January 13, 2016