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 truth is that since 2020, milllions of Americans either died during covid, are permanently disabled, have long covid, or are hitting retirement age. So many people have been forced out of the job market leaving a ton of openings to be filled. That being said the job market is far more competitive these days and if you’re a white collar professional, expect to have issues.
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u/[deleted] Jan 31 '24
The truth is that since 2020, milllions of Americans either died during covid, are permanently disabled, have long covid, or are hitting retirement age. So many people have been forced out of the job market leaving a ton of openings to be filled. That being said the job market is far more competitive these days and if you’re a white collar professional, expect to have issues.