There is a class of business leader that is definitely in a recession where that word just means downward financial performance trajectory. I’d be willing to b

There is a class of business leader that is definitely in a recession where that word just means downward financial performance trajectory. I’d be willing to bet the distinction is how much labor you employ and what kind (pay bands as proxy). Hospitals for example are in a world of hurt post Covid. Labor is their main cost. Rates are down but remain high. Employee satisfaction is low. Revenues do not keep pace with costs and largely uncontrollable.