HappySkullsplitter@lemmy.world to Political Memes@lemmy.world · 2 days agoLayoffs Surpass Financial Crisislemmy.worldimagemessage-square44fedilinkarrow-up1704arrow-down14
arrow-up1700arrow-down1imageLayoffs Surpass Financial Crisislemmy.worldHappySkullsplitter@lemmy.world to Political Memes@lemmy.world · 2 days agomessage-square44fedilink
minus-squarePennomi@lemmy.worldlinkfedilinkEnglisharrow-up18arrow-down1·edit-22 days agoOn the contrary, they are quite effective. They just don’t work for you.
minus-squareCaptDust@sh.itjust.workslinkfedilinkarrow-up6·2 days agoI’m not sure who they work for, exactly, because a depressed labor market and trade shortages aren’t really helping any of them either.
minus-squarepivot_root@lemmy.worldlinkfedilinkarrow-up16·2 days agoA recession helps the wealthy. They get to buy property, services, and company ownership at fire-sale prices while the rest of us have to sell assets and labor below their actual value to avoid starving to death.
On the contrary, they are quite effective. They just don’t work for you.
I’m not sure who they work for, exactly, because a depressed labor market and trade shortages aren’t really helping any of them either.
A recession helps the wealthy. They get to buy property, services, and company ownership at fire-sale prices while the rest of us have to sell assets and labor below their actual value to avoid starving to death.