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...display room’s costs consisted of rent and staff salaries, according to Donnelly. In addition to the display room worker who was laid off, HUP fired three staffers in marketing, two in editorial, and one in design—a total of seven layoffs. But HUP is not planning on reducing publishing output, Donnelly emphasized...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Harvard University Press Closes Display Room, Goes Digital | 7/23/2009 | See Source »

...early morning, I’m ordered to write an article as if it already happened, so that the newspaper I work for can print the story in past tense. I worry this will turn into my “Dewey Defeats Truman.” My co-worker convinces me that my article isn’t really that important. I feel only slightly better...

Author: By Vidya B. Viswanathan | Title: Sometimes I Stare, Sometimes I’m Stared At | 7/23/2009 | See Source »

...What do you mean when you say the American worker has become liquid? I mean that there's constant job insecurity, constant downsizing, constant restructuring, a constant need to retrain to have an adaptable skill set and be flexible. In a sense, job security and stability have been liquidated...

Author: /time Magazine | Title: An Anthropologist on What's Wrong with Wall Street | 7/22/2009 | See Source »

...think that attitude follows from the way Wall Street works? What a lot of folks don't realize is there are tons of layoffs on Wall Street even during a boom. What they value is not worker stability but constant market simultaneity. If mortgages aren't the best thing, it's, "Let's get rid of the mortgage desk and we'll hire them back in a year." People were working a hundred hours a week, but constantly talking about job insecurity. Wall Street bankers understand that they are liquid people. It's part of their culture. I had bankers...

Author: /time Magazine | Title: An Anthropologist on What's Wrong with Wall Street | 7/22/2009 | See Source »

...does that translate to the rest of corporate America? The kind of worker they imagine is a worker like themselves. A worker who is constantly retraining, a worker who is constantly networked, a worker whose skill set is very interchangeable, a worker who thinks of downsizing as a challenge - a worker who thrives on this. This becomes the prototype, but in many ways that's quite removed from the daily lives of most American workers. Before this crazy crash of 2008, bankers always landed on their feet, almost always. Job insecurity isn't the same thing for the average American...

Author: /time Magazine | Title: An Anthropologist on What's Wrong with Wall Street | 7/22/2009 | See Source »

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