Welcome to the world of Britain's working poor. The Rowleys belong to a section of society not much mentioned in ministerial and media dispatches. They are neither the very wealthy affected by the 50p tax nor the "squeezed middle" expressing anxiety about child benefit and this week's budget; nor are the Rowleys representative of the long-term unemployed or one of the 120,000 "troubled families" in which the government is investing £448m over the next three years. [more inside]
A year and a half ago, Henry Chung was an assistant vice president at Merrill Lynch. Now he's an NYPD patrol officer.
It sounds like a George Lopez joke. “Times are so bad that I saw an Anglo day laborer standing outside Home Depot the other day.” Except it’s true.
Looking for work? Avoid this job.
Newly jobless and homeless former members of the Japanese upper or upper-middle class are turning to a distinctly 21st century version of the flophouse, the net room: a tiny cubicle, rented by the day, with that all-important feature... an internet connection and a computer. [more inside]
LayoffDaily.com -- thoroughly cataloging each day's depressing layoff news, from the very small companies to the very large, and updated several times a day. (But there's also a small section of the site devoted to news of companies and government org's that are hiring.)
Ex-Director of Operations of Sababa Toys Paul Nawrocki lost his job after the parent company filed for bankruptcy. Posting, faxing, and emailing thousand of copies of his resumes (including through LinkedIn) did not get him anywhere, so he's resorted to standing at a Manhattan street corner wearing a sandwich board saying "Almost Homeless". Business blogger Barry Ritholtz blogged about Nawrocki, which led to a Businessweek interview describing his difficulty affording his wife's medical needs or even the cost of relocation. He's been noticed by an executive recruiting firm, and a job-hunting website was made in his honour. Will his Depression-era tactic bring him luck in this recession? (Via MetaChat)