Go Home

laid off

2 documents found in 0 seconds.

Occupy Study: Well-Educated Professionals Outnumbered Jobless

Video: Occupy protesters march in protest in September 2011.

Some of the findings included in a newly-released study(pdf) conducted by sociologists at the City University of New York, that looked at the backgrounds and motivations of Occupy supporters as well as the impact of the movement may make a few conservative pompous windbag heads explode.

*Gasp* They had jobs!

  • More than a third of the people who participated in Occupy Wall Street protests in New York lived in households with annual incomes of $100,000 or more, and more than two-thirds had professional jobs.
  • Nearly 80 percent had at least a bachelor’s degree, and about half of those with bachelor’s degrees had a graduate degree.
  • Many participants in the movement had been involved in previous political demonstrations, and far from being spontaneous, the Occupy Wall Street protests were carefully planned.
  • Nearly a third of the protesters had been laid off or lost a job, and a similar number said they had more than $1,000 in credit card or student loan debt.
  • Researchers found that a significant percentage of Occupy participants were underemployed, with nearly a quarter working fewer than 35 hours a week.

Prof. Stephanie Luce, one of the study's three authors, characterized the protesters who had problems finding full-time work as part of an emerging demographic that some commentators call the “precariat,” educated people forced into unsteady or insecure jobs because little else is available.



Banks Got Bailed Out, Greece Got Sold Out

By March 20, when Greece has a big bond redemption to make, the IMF has demanded that the Greek government slash its public investment budget by $530 million “through cuts in subsidies to private investments and nationally financed investment projects.” The new austerity measures also impose a 22 percent reduction in the minimum wage, which will remain frozen for the next three years and require that collective bargaining be completely cut. The result? Fifteen thousand public sector workers will be laid off and 150,000 jobs will be destroyed due to the non-renewal of the contract.

In short, the IMF is demands that Greeks who are struggling the hardest do the most to prove that the country is worthy of another round of bailout money.

The Greek 99% are taking to the streets to protest these unfair policies, and members of the global Occupy Wall Street movement held a day of action to show their solidarity.

Feb.18th, people of cities across the world took to the streets in solidarity with the Greek protesters who have occupied their workplaces and public spaces to resist economic injustice. Demonstrations are planned throughout Germany, Austria, Belgium, Denmark, Spain, Finland, France, Iceland, Ireland, Italy, the Netherlands, Portgual, the United Kingdom, the United States, Sweden, and more.