Tag: unemployment
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22 October 2011
Three years ago, in October 2008, the stock market crashed and — not coincidentally, as I was then employed by the brokerage arm of an international bank — I promptly lost my job. The following month my partner Jak took a 10% pay cut, as the market continued dropping and layoffs and hiring freezes broke […]
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Inflation or unemployment: pick one
8 August 2008The last time the economy took a sharp downturn it hit me hard. With dot-coms failing right and left, suddenly there was a huge glut of Internet-industry workers. Employment levels took four or five years to fully rebound, during which I got by on intermittent income and credit-card debt. This time, though Jak and I […]