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Add to that thousands of smaller companies laying of 10 people here, 100 people there. We will not hear about it, but it quickly adds up. In addition, we go fr
by flakeoil 4y ago
Add to that thousands of smaller companies laying of 10 people here, 100 people there. We will not hear about it, but it quickly adds up.
In addition, we go from a phase where people new in the job market (students etc) were being hired quickly to no one hiring them. So there are both laid off people and new entrants added to the pool.
- CamelRocketFish 4y ago> In addition, we go from a phase where people new in the job market (students etc) were being hired quickly to no one hiring them. So there are both laid off people and new entrants added to the pool. I don’t think that’s necessarily true. Hiring students is much cheaper so companies may still hire them whilst letting go of other expensive employees at a cost of quality.