Tuesday, March 31, 2015

Unemployment After Occupy Wall Street

    History has already seemed to have forgotten the Occupy Wall Street movement.  You hardly ever hear about it these days, mostly because people dismiss it as an abysmal failure.  However, the following statistic would suggest otherwise.  In the fall of 2011, when Occupy happened, unemployment was near 9%.  Three and a half years later, it has dropped to below 5%.


    The unemployment rate had already started dropping in 2010, but not by much.  In the third quarter of 2011 you can see it begin a sustained nosedive.  You can credit Barrack Obama's economic policies or whatever politically motivated reason you have.  But remember that his economic stimulus package was created in 2009- two and a half years before the movement.  The only thing that happened in 2011 that can be attributed to the rate's improvement was pressure from the Occupy movement to create more jobs.  Occupy stood for a lot of things- many of which haven't been changed in the last few years.  Creating jobs was one of them, so it is a small victory for those who stood by its tenets.  History won't credit the voice of the people for this victory, but I sure will.

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