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Min wage jobs are in the service industry which will take a hit from people pulling back on discretionary spending. Is it one of those "because people think the
by morkalork 1y ago
Min wage jobs are in the service industry which will take a hit from people pulling back on discretionary spending. Is it one of those "because people think there might be a recession, they manifest one" things?
- barchar 1y agoSeems like it isn't. The last few years have been really good for the bottom of the income/wealth distribution. Tbh with the federal deficit at 6-7% of GDP I think it'll be somewhat hard to produce a recession. Eventually companies will figure out the shoe isn't going to drop and start hiring again.