3 ms·
Yeah probably, the tech layoffs amount to a couple thousand people in a labor force of hundreds of millions.
by evan_ 4y ago
Yeah probably, the tech layoffs amount to a couple thousand people in a labor force of hundreds of millions.
- whimsicalism 4y agoSure, but if you consider what is causing these layoffs: anticipated weaker aggregate demand -> less demand for ads but also less demand for workers -> weakening labor market. I mean, the Fed's goal right now is basically to slow wage growth so that average people are no longer bidding up the price of our limited supply.