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I have a bolt on to this conspiracy theory. How many business have reduced wages and implemented hiring freezes? It's difficult to manipulate a salary worker
by B4CKlash 6y ago
I have a bolt on to this conspiracy theory. How many business have reduced wages and implemented hiring freezes? It's difficult to manipulate a salary worker into shouldering more responsibility if they have choice and alternatives. Perhaps what we're watching isn't necessarily the 'winner take all' world playing out. Perhaps we're watching capital reorganize labor. The first nail in the technical revolution. The businesses that survive this crisis will be leaner and, in a likelihood, more profitable (higher margins). Also justifying higher stock prices. Hell, even a combination of both theories make sense.
The real tell will be 10/1/2020 an on-wards. That's when a lot of the governmental layoff-freezes disappear. We'll get a real sense of what industries have been seriously propped up.