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That doesn't jibe with reality. Tech companies are making record profits at the same time they're laying off workers by the thousands. Companies have been usin
by jkestner 3y ago
That doesn't jibe with reality. Tech companies are making record profits at the same time they're laying off workers by the thousands.
Companies have been using "macroeconomic" conditions as an excuse for increased prices and job cuts, but it doesn't hold up to the most basic scrutiny. Their profits have been increasing far beyond inflation. Whether it's FAANG or Big Egg[2], the fix is in.
Anyway, good on Fastmail employees. Makes this customer feel better about the company sticking to its principles.
1. https://www.allrecipes.com/new-ruling-in-egg-lawsuit-finds-egg-producers-guilty-of-price-fixing-8410645 https://www.allrecipes.com/new-ruling-in-egg-lawsuit-finds-e...
- stale2002 3y ago> Tech companies are making record profits This has nothing to do with interest rates and I didn't make any comments about profits. Here is a good overview about how interests rates are related to unemployment rates. https://en.wikipedia.org/wiki/Phillips_curve https://en.wikipedia.org/wiki/Phillips_curve
- ath3nd 3y agoAre you saying that when interest rates are high, a company making record profits HAS to engage in price increases, wage freezing and layoffs, to satisfy a made up instrument explaining basic economy? This is is like companies' belief that all employees are always on the bell curve, so the bottom x% has to get culled each year. Anything to fit in the stats, right? I am actually inclined to believe that C level do think like that. This is both sad and terrifying, and also the reason why we need strong unions in the first place, so we don't end up merely a statistic on some boomer economy cultist's spreadsheet.