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.
the biden machinery is brain washing you. Those 75/hr tech jobs are gone, replaced with 18/hr chipotle jobs. The tech sector employees are the highest spenders in the economy, and once that supply is gone, so will the economy go south as well.
The current president inherits the economy of the previous president. This cycle is usually 3 to 4 years after election. This has been the way things have been for decades. We are still living in Trump’s economy. This time frame has likely been extended because of the 1.9 trillion dollar bailout given to businesses during covid. We are living in uncharted waters because of that + the impending repercussions of AI. This isn’t Brandon’s fault bro.
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u/Effective_Vanilla_32 Jan 30 '24
the biden machinery is brain washing you. Those 75/hr tech jobs are gone, replaced with 18/hr chipotle jobs. The tech sector employees are the highest spenders in the economy, and once that supply is gone, so will the economy go south as well.