4 ms·
What happens when companies refuse to hire, even though there is an obvious need? It has to lead to reduced growth. If the majority of companies do this, I woul
by osigurdson 1y ago
What happens when companies refuse to hire, even though there is an obvious need? It has to lead to reduced growth. If the majority of companies do this, I would think it would lead to a severe deflationary cycle.
- toomuchtodo 1y agoThey burn out employees until a failure mode is reached.
- osigurdson 1y agoIf a few companies do this it is probably fine, but more interesting if most companies do this. It seems that it would be akin to a self inflicted depression with severe deflation.
- toomuchtodo 1y agoFrom your lips to Blackrock's ears.
- osigurdson 1y agoI'm sorry, I don't understand.
- toomuchtodo 1y agohttps://en.wikipedia.org/wiki/BlackRock https://en.wikipedia.org/wiki/BlackRock They are the world’s largest asset manager. So goes the economy, so goes the economic outcome of their clients.
- osigurdson 1y agoYes, of course familiar with BlackRock. People say they own everything, but they really just have ETFs. The biggest problem is the fact that they seem to have voting rights on the stocks that they purchase on behalf of their clients - it should not work like this.
- pmg101 1y agoWon't the lunch of the companies that refuse to hire/grow be eaten by other companies that don't?