3 ms·

You seem to be saying the same thing

• JumpCrisscross 4y ago
  > seem to be saying the same thing Many companies (mostly tech) increased hiring of all kinds, bullshit or not, during the last years. Those are the excess jobs. Reversing them is the short-term correction. For much longer, corporate America has been staffing up departments which practically do nothing. Eliminating them is the longer-term trend.
  • hammock 4y ago
    Zero interest rate policy means they were the same thing
    • JumpCrisscross 4y ago
      > Zero interest rate policy means they were the same thing No, it doesn't, because one of these things pre-dates and was not caused by low rates. (Office Space was released when rates were half a point above where they are now [1].) [1] https://www.bankrate.com/banking/federal-reserve/history-of-federal-funds-rate/ https://www.bankrate.com/banking/federal-reserve/history-of-...
      • hammock 4y ago
        Ok what is your evidence that bullshit jobs are being structurally eliminated in a way that is unrelated to interest rate policy?