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The world has entered a mild recession, and many company leaders are panicking because they don’t know what to do. Their gut reaction is to “look busy” and over
by nekitamo 2y ago
The world has entered a mild recession, and many company leaders are panicking because they don’t know what to do. Their gut reaction is to “look busy” and overwork. Locally in Silicon Valley, many companies I interact with seem to be doing the same thing.
- 77pt77 2y ago> Their gut reaction is to “look busy” As americans says: "motion creates emotion!"
- AnotherGoodName 2y agoI feel like this is a response to chinas rise. The west has a lot of inefficiencies that were never really tested before. Think ceos paying themselves huge amounts for short term thinking (Boeing), a lot of people living off generational wealth and not needing to contribute meaningfully, many examples of rent seeking, governments subsidising big businesses in response to political donations, etc. Not that china doesn't have problems but it’s clear there’s now a competitor. The temptation here is to work the few who actually contribute even harder. Bump the working days, push retirement age up until it’s non-existent but whatever you do don’t touch the elite.
- JumpCrisscross 2y ago> this is a response to chinas rise Opposite. It’s being caused by China’s slowdown. China is Korea’s largest trading partner [1]. [1] https://wits.worldbank.org/countrysnapshot/en/KOR https://wits.worldbank.org/countrysnapshot/en/KOR
- deleted 2y ago[deleted]