There’s a massive economic storm brewing
Hi Stupidpol, I am curious if anyone else has observed this. There is a small ongoing economic collapse occurring with employment prospects in this country and I think it’s about to get a lot worse.
It’s basically become borderline impossible for people to get decent paying jobs now, regardless of experience level. If you have a job, you face potential, even inevitable, layoffs. If you don’t have a job the door to moving back into employment has largely been shut behind you.
This is a bit different than it has been in the past pre-Covid, where if you lost a job you could reasonably assume you’d get another in your field within a reasonable amount of time.
Granted I am speaking entirely in averages here. This obviously varies in intensity by industry or job type, and many get lucky but it seems… luck is drying up?
I saw a recent statistic that it’s taking over a year now for half of the unemployed to find jobs, and new hire rates have fallen off a cliff completely. This situation to me seems like it’s only going to get worse if the incoming administration does mass layoffs within the federal government, adding hundreds of thousands of people to an already over saturated labor pool.
Over 300,000 jobs a year are being outsourced from the American economy and that does not even take into account the application of AI into the workplace.
The jobs in this country are just… going away, and they aren’t being replaced.
So my question is, how cooked are we?
Hi Stupidpol, I am curious if anyone else has observed this. There is a small ongoing economic collapse occurring with employment prospects in this country and I think it’s about to get a lot worse.
It’s basically become borderline impossible for people to get decent paying jobs now, regardless of experience level. If you have a job, you face potential, even inevitable, layoffs. If you don’t have a job the door to moving back into employment has largely been shut behind you.
This is a bit different than it has been in the past pre-Covid, where if you lost a job you could reasonably assume you’d get another in your field within a reasonable amount of time.
Granted I am speaking entirely in averages here. This obviously varies in intensity by industry or job type, and many get lucky but it seems… luck is drying up?
I saw a recent statistic that it’s taking over a year now for half of the unemployed to find jobs, and new hire rates have fallen off a cliff completely. This situation to me seems like it’s only going to get worse if the incoming administration does mass layoffs within the federal government, adding hundreds of thousands of people to an already over saturated labor pool.
Over 300,000 jobs a year are being outsourced from the American economy and that does not even take into account the application of AI into the workplace.
The jobs in this country are just… going away, and they aren’t being replaced.
So my question is, how cooked are we?