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Because they're terrified of the uncertainty of the long tail of the tariffs. It takes months and months to see the products of those.
by esseph 1y ago
Because they're terrified of the uncertainty of the long tail of the tariffs. It takes months and months to see the products of those.
- YZF 1y agoBut the change in hiring trends goes back to the beginning of the pandemic. This can't all be explained by tariffs. There is always uncertainty about the future but it seems there's been a shift in behavior across the board (CEOs copying each other is also a problem) that has been lasting many years. I guess you could blame it on Trump's first presidency if you really want to make this political.
- mensetmanusman 1y agoTerrified billionaires, lol
- esseph 1y agoNo, terrified people that do actual work. How do you bid on a big project if you don't know what materials will cost next month, or 6 months, or a year from now? It's fucking impossible. And with inflation, labor cost is spiking. It's hard for people to get buy, so they're asking for more. It has investors and banks spooked to loan money for projects, because they could easily fail with so much volatility.