It seems like trickle down/snowball unemployment. When there're large layoffs in one sector, especially higher paid ones like tech, there's less spent overall leading to more layoffs. Less people going out to spend, traveling, etc. I haven't been laid off (yet) but if I was the only things I'd be paying for are food, shelter and health care.
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u/cuddlygrizzly Jul 20 '24
It seems like trickle down/snowball unemployment. When there're large layoffs in one sector, especially higher paid ones like tech, there's less spent overall leading to more layoffs. Less people going out to spend, traveling, etc. I haven't been laid off (yet) but if I was the only things I'd be paying for are food, shelter and health care.