Reply to Alarm Bells Ringing: November 2023 Tech Layoffs & Government Disconnect

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

Moreover, the Federal Reserve's high interest rate policy is adding fuel to the fire. It's clear that these measures, supposedly aimed at curbing inflation, are having severe repercussions on the job market. We need a reassessment of these policies, and we need it urgently. The current approach is not sustainable, and continuing down this path could lead to even more devastating consequences for the workforce.

We need to confront the reality of these tech layoffs head-on and demand changes in economic policy that genuinely address the needs and concerns of the working population. This isn't just a matter of statistics and economic indicators; it's about real people whose livelihoods are at stake.
[/quote]

Newsflash - the fed is trying to cause a recession, they just can’t say it.

The last few years everything has been in a bubble - housing, price of Rolexes, bitcoin, etc - due to low interest rates of the last decade. It didn’t cost any money to take financial risks.

Take a look at the multitude of tech companies who never actually made any money but we’re able to survive due to ZIRP.

All this is slowly being shaken out with more to come. High interest rates are healthy for the economy.  [/quote]

Interest rates aren’t even high. They are at historical norms. The last decade was the aberration.[/quote]

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