When the job market was so good that everybody was quitting left and right for better jobs and companies were actually trying to find ways to keep their employees? Was that really just a few years ago? How did we go from that to the complete opposite in such a short time?
10 replies (most recent on top)
flooded the labor force with substandard people
covered up company failures with record money printing by the government
that went into stocks
voila, a fake economy
It used to be that the hiring and firing cycle was closely correlated to the price of oil. The the hiring and firing cycle seems to be more correlated with ability of the company explore and develop prospects. If the company cannot grow, then it must reduce head count to remain profitable. No exploration equals more periodic layoffs. I think most large companies realize at this point that the only way to survive is to buy up other companies.
peak oil.. yeah nah peak chevron
I’m resigning….with a severance of course. Already had multiple companies that want me to join….no thanks
Uhh, is it just me or does someone on this site have a severe case of TDS, lol.
@b0+1jpyfjth5
you do realize that DJT is planning to issue $4 Trillion in debt to finance the tax cuts for the wealthy (top 1%) in 2026. The US government will borrow money to provide tax cuts for the wealthy and the Trumpers are still complaining about Biden still. OMG!
Record money printing by the government. All ships rise with rising tide. Now money is not being recklessly pumped into the system. Higher rates, large cuts by DOGE to government spending, etc. Everything was just propped up by government debt.
Everyone went to Hess to get 40% more pay back then
The cause is immigration. There are more workers (especially those from countries that accept a lower quality of life. The increased labor supply makes it a buyer’s market. Wages won’t rise because companies don’t have to compete for talent.
https://cis.org/Camarota/Most-Employment-Growth-Pandemic-Has-Gone-Immigrants
The same is true for goods and services. More people buying things and being served makes the price of goods go up and quality go down.
I miss those days from 2009 to 2014.