2 ms·
This seems badly supported, likely entirely wrong. There is a lot of hype about automation, but hiring has all but stopped before without any automation revolu
by m0llusk 11mo ago
This seems badly supported, likely entirely wrong. There is a lot of hype about automation, but hiring has all but stopped before without any automation revolutions being needed. If automation were driving this then there would be a shape to things with the most readily automated tasks sticking out, but what the labor market is showing is an extreme slowdown across all sectors broadly.
An alternative explanation is that this is an unusually ugly correction brought about by a combination of factors including but not limited to a prolonged period of essentially zero interest rates and a long time since the last real correction.