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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m so sorry, it’s been a shock of a week. And it won’t just be feds. With the new situation at NiH, it will spread to academia, universities, etc and many more people will lose their jobs. A recession is ahead. Plan now for how to get through the next few years. 
What a mess. [/quote]

The Federal workforce is around one percent of the economy, and firing one percent of them doesn't move the needle at all.

An economist could argue that this will be good for the economy--freeing up skilled workers to work on more productive things in the private sector (see, for example, Argentina). [/quote]

I doubt.
Aggregate demand (private and institutional) will go down reducing corporate revenues, partially offset by taxes that Trump will lower. All of that on top of tariffs, will prompt private sector to cut costs/jobs even more drastically than feds, to satisfy banks/stockholders.  You likely need to count feds and contractors - 3% of total workforce. Tariffs will bring some manual jobs back to us, while AI will eliminate white collar jobs. So now, we will have a former federal software engineer doing “more productive” job as a truck driver.

I find it quite ironic that you mention chronically bankrupt Argentina, as role model.[/quote]

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