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The basis for your argument is incorrect though (regardless of opinions after it). Its not only small shops, restaurants, etc who are losing jobs. High skill wo
by soared 7y ago
The basis for your argument is incorrect though (regardless of opinions after it). Its not only small shops, restaurants, etc who are losing jobs. High skill workers, highly paid tech employees, etc are losing jobs as well. You can't really make a claim as to when or if those jobs will return, as it could be years. Even if revenue is the same but 6 months set back, that could easily mean a 24 month delay in hiring while the company repays debts and recovers.
- mlthoughts2018 7y agoI haven’t seen any data or reporting that backs up your comment. I’ve read about large layoffs in retail, entertainment, hospitality, gig workers, and startups with poor financials. I haven’t heard of significant layoffs at established white collar firms with stable business models. I do expect some impact there, especially in adtech, but I’m not seeing anything like what you are claiming.