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> 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 ab
by 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.