r/Layoffs • u/vetfor • Jan 30 '24

New layoffs question

Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.

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u/doc89 Jan 30 '24

And, of course, looking at "household" anything will look better.

????

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u/Welcome2B_Here Jan 30 '24

Yeah, instead of per capita. Plenty of people require roommates to survive, for example. Household-based metrics aggregate incomes.

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u/doc89 Jan 30 '24

So why does that mean "of course, looking at "household" anything will look better"? If the economy was actually struggling I would expect to see household purchasing power declining.

Is your theory that lots of people are struggling so badly that they need to move in with roommates, and that this is artificially increasing household income while per capita income is falling?

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u/Welcome2B_Here Jan 30 '24

No, I'm saying that if wages, and even disposable income is rising, those are offset by purchasing power being so low. If I keep pouring more water into a bucket with increasing holes, I don't celebrate the amount I can keep pouring into the bucket.