Occupy Wall Street Causing Local Layoffs
2:09 PM, Nov 1, 2011 • By DANIEL HALPER
The Occupy Wall Street protests might be making things worse. A local Manhattan news outlet reports:
Are the protesters boosting the local economy in other ways in Manhattan's financial district? Perhaps. Police are getting paid overtime (from an already stretched city budget), maybe protesters are frequenting some local venues more than others (the nearby McDonald's is supposedly pretty popular, though I think the main feature there are the bathrooms for the protesters), and the encampment is seemingly turning into a tourist attraction. But the regulars--the ladies and gentlemen who work in the neighborhood--are bringing their lunches more frequently, avoiding the mayhem and foul smell outside, and therefore spending less at local joints.
It's ironic that a protest meant to highlight a bad economy would be the direct cause of employed folks getting fired.
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